Nickel Inventory in Shanghai Bonded Zone Remains almost Unchanged this Week

SHANGHAI, Apr 15 (SMM) - This week, LME nickel maintains a volatile trend. Although the trend of SHFE nickel prices is strong, the imports are still at losses. 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 operation in Shanghai bonded zone stagnates. At present, the circulation of LME nickel has not recovered. Moreover, due to weak demand, the SHFE nickel prices are under pressure. Therefore, the import will remain at losses next week.

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