Shanghai bonded nickel stocks rose in closed import window

Published: Jul 31, 2020 16:30

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SMM data showed that the stocks increased 1,000 mt in the week ended July 31 to 18,300 mt, and plate-shaped products accounted for the increase.

SHANGHAI, Jul 31 (SMM) – Inventories of refined nickel in the Shanghai bonded areas rose this week, as seaborne arrivals were moved to bonded warehouses in a closed import arbitrage window.

SMM data showed that the stocks increased 1,000 mt in the week ended July 31 to 18,300 mt, and plate-shaped products accounted for the increase. The stocks have risen for six weeks in the past seven.

SMM expects the bonded nickel stocks to continue to climb in August.

Inventory data Nickel

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