Nickel Inventory in Bonded Zone Changed Little due to the Pandemic in Shanghai

SHANGHAI, Apr 8 (SMM) - This week, LME and SHFE nickel fluctuated slightly, and the import was at a loss due to the stable spread between the domestic and overseas markets. Nickel inventory in Shanghai bonded zone was 8,200 mt this week. The inventory of nickel briquettes and nickel plates was 2,900 mt and 5,300 mt respectively, flat from last week. Due to the COVID-19 outbreak, the inventory in Shanghai bonded zone changed little. As LME nickel has not gotten rid of the capital game, the import will still be at a loss next week.

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