Shanghai bonded refined nickel stocks remained unchanged on week

Published: Nov 27, 2020 17:10

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Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,800 mt as of November 27, showed SMM data.

SHANGHAI, Nov 27 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,800 mt as of November 27, showed SMM data.

Domestic nickel prices strengthened on week, and import loss of nickel plate repaired from -4,500 yuan/mt to-2,800 yuan/mt, and the import window of nickel briquette nearly opened. Most of the goods on arrival bills of lading enter the bonded area through direct customs clearance. Trade in the bonded area was still weak. This also accounted for the stable situation in the nickel bonded stocks this week.

Inventory data Nickel

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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