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Home / Metal News / Shanghai bonded refined nickel stocks rose 1,000 mt on week

Shanghai bonded refined nickel stocks rose 1,000 mt on week

Nov 6, 2020 18:24

Source:SMM

Inventories of refined nickel in the Shanghai bonded areas rose 1,000 mt from a week ago and stood at 24,300 mt as of November 6, showed SMM data.

SHANGHAI, Nov 6 (SMM) – Inventories of refined nickel in the Shanghai bonded areas rose 1,000 mt from a week ago and stood at 24,300 mt as of November 6, showed SMM data.
Some nickel briquette were shipped from warehouses in Southeast Asia to Shanghai bonded zone due to the market talks of escalating China-Australia tensions. But now, the import arbitrage window remained closed, and this led to the increase in Shanghai bonded refined nickel stocks this week.

Inventory data

Shanghai bonded zone

Refined nickel

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Analysis

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Shanghai bonded refined nickel stocks rose 1,000 mt on week

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