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Home / Metal News / Bonded Zone Inventory of Nickel Drops Slightly from December 23

Bonded Zone Inventory of Nickel Drops Slightly from December 23

Dec 30, 2022 17:22

Source:SMM

SMM research showed that the bonded zone inventory of nickel fell WoW this week to 7,800 mt, with the inventory of nickel briquettes and nickel plates of 1,370 mt and 6,430 mt respectively.

SHANGHAI, Dec 30 (SMM)- SMM research showed that the bonded zone inventory of nickel fell WoW this week to 7,800 mt, with the inventory of nickel briquettes and nickel plates of 1,370 mt and 6,430 mt respectively. Nickel plate inventory dropped 500 mt. Recently, the SHFE/LME nickel price ratio has remained low, and the spot imports suffered losses. Traders shipped some sources of nickel plates to LME for delivery amid the surging nickel prices in the overseas market. The inventory of nickel briquettes remained unchanged. Domestic salt factories dumped their in-plant inventories of nickel briquettes due to the decline in the cost efficiency, while domestic demand for nickel briquettes dropped.

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