Bonded Zone Inventory of Pure Nickel Dropped Sharply due to the Import Profits

SHANGHAI, May 27 (SMM) - The spot imports of pure nickel remained profitable this week. The dropping of pure nickel premiums significantly increased the customs clearance. At present, traders bear huge pressure from the large spread between the front-month and next-month contracts, so the premiums are expected to be further lowered. Nickel inventory in Shanghai bonded zone totalled 7,900 mt this week, a decrease of 700 mt from last week. The inventory of nickel briquettes and nickel plates was 2,900 mt and 5,000 mt respectively.

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