Shanghai bonded refined nickel stocks remained unchanged on week

SHANGHAI, Jun 4 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 9,700 mt as of June 4, showed SMM data.

Nickel plate import window continued to stay in a loss state this week, and there was little trading in the bonded area. Arrivals of overseas goods were moderate, and all of them were directly cleared into China, which accounted for the stable situation in the nickel bonded stocks this week.