Import Window Closed amid Slower Decline in Nickel Plate Inventory

SHANGHAI, Oct 29 (SMM) – The SHFE/LME nickel price ratio continued to fall this week amid the slower decline in domestic nickel plate inventory and large inflows of imported goods, according to SMM data.

Some goods went to the bonded zone after the import window closed. The bonded zone inventory is likely to decrease if the import window opens.

Over 500 mt of nickel briquette is expected to arrive next week. And shipments arrivals of nickel plate are expected to exceed 800 mt which will still have an impact on the domestic inventories.