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Home / Metal News / Shanghai bonded nickel stocks unchanged as import losses muted trades

Shanghai bonded nickel stocks unchanged as import losses muted trades

Dec 13, 2019 15:00

Source:SMM

Stocks stood at 17,100 mt as of December 13, unchanged from a week earlier

SHANGHAI, Dec 13 (SMM) – Inventories of refined nickel in the Shanghai bonded areas stood at 17,100 mt as of December 13, unchanged from a week earlier, showed SMM data. Stocks of briquettes also little changed at 4,350 mt.

Trades of imported nickel remained muted as profits on imports were still in deep negative territory and as domestic consumption was sluggish in the fourth quarter.

Inventory data

Nickel

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Shanghai bonded nickel stocks unchanged as import losses muted trades

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