LME Nickel Inventory Hit A New Low in Over Two Years, SHFE Nickel Inventory Hit Four-Month High

SHANGHAI, Mar 22 (SMM) – Since late April last year, LME nickel inventory had fallen from a high of 264,600 mt to a new low in more than two years at 73,600 mt last week, a decline of about 72.2%.

In contrast, SHFE nickel inventory had grown for three consecutive weeks and increased by 16.15% to 7,509 mt in the week of March 18, setting a new high in four months.