LME Nickel Inventories Kept Falling, SHFE Nickel Inventories Refreshed Record Low

Published: Jul 27, 2022 10:51

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SHANGHAI, Jul 27 (SMM) – According to data released by the LME, since late April last year, LME nickel inventories have been in a downward trend.

SHANGHAI, Jul 27 (SMM) – According to data released by the LME, since late April last year, LME nickel inventories have been in a downward trend. Last week, LME nickel inventories continued to fall, and the latest inventory level was 60,168 mt as of July 25, constantly refreshing multi-year lows.

SHFE nickel inventories have been falling for six consecutive weeks and decreased by 18.24% on a weekly basis to 1,493 mt as of July 22, setting a new record low.

Inventory

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