LME Nickel Registered Warrants have declined for five days

SHANGHAI, Mar 4 (SMM) - According to the data released by LME, the cancelled warrants of nickel has dropped recently compared with the previous data, but the decline was relatively limited. The cancelled warrants of nickel are 40,400 mt currently, accounting for 52.00% of the total warrants. The registered warrants have dropped for five days to 37,300 mt. At present, LME nickel inventory is still destocking and has dropped to a low level of more than two years. The registered warrants have declined simultaneously. Although the cancelled warrants have slightly recovered from the previous period, they are still hovering at a high level.