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Shanghai bonded refined nickel stocks remained unchanged on week

iconMay 7, 2021 15:56
Source:SMM
Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 9,300 mt as of May 7, showed SMM data.

SHANGHAI, May 7 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 9,300 mt as of May 7, showed SMM data.

Import loss of nickel plates expanded as the domestic market was closed during the holiday, and LME nickel rose sharply during this period. Therefore, foreign trade in bonded area was tepid this week, and Shanghai bonded refined nickel stocks remained flat for the third consecutive 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 exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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