SHANGHAI, Sep 24 (SMM) – Domestic nickel plate consumption was strong this week. Spot cargoes in the domestic bonded areas continued to be transferred into the domestic market. However, the inflow of spot cargoes this week was relatively limited due to the closing of the import window.
The current domestic inventory is at a low level. Consumption remains promising in view of low prices. This, combined with the opening of the import window, is expected to move spot pure nickel inventory into the domestic market from the bonded zone. In this scenario, inventory in the bonded zone is likely to maintain the downward trend.
