Pure Nickel Inventories in China Bonded Zone Continued to Increase

Published: Nov 12, 2021 18:10

Source: SMM

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The SHFE/LME nickel price ratio did not give the opportunity to import this week.

SHANGHAI, Nov 12 – The SHFE/LME nickel price ratio did not give the opportunity to import this week. Therefore, the shipments arrivals of pure nickel directly went to the domestic bonded zone, and this is in line with SMM's expectations. The import window remains closed currently, so the inventory in the domestic bonded zone is expected to accumulate next week.

nickel inventory

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