Shanghai bonded nickel stocks flat on week amid thin trades

Published: May 29, 2020 13:47

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Inventories of refined nickel in the Shanghai bonded areas held roughly flat from a week ago as increased exchange rate and expanded spot discounts eroded import arbitrage opportunities. Trades in the bonded zone were muted.

SHANGHAI, May 29 (SMM) – Inventories of refined nickel in the Shanghai bonded areas held roughly flat from a week ago as increased exchange rate and expanded spot discounts eroded import arbitrage opportunities. Trades in the bonded zone were muted.

SMM data showed that inventories of pure nickel in the Shanghai bonded areas stood at 15,400 mt as of May 29, unchanged from the previous week, with nickel briquette also flat at 1,700 mt.

Arrivals of seaborne nickel briquette directly entered the domestic warehouses without flowing into the bonded areas.

Inventory data Nickel

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