Bonded Zone Inventory of Nickel Grows 600 mt from December 30, 2022

SHANGHAI, Jan 6 (SMM) - As of January 6, 2023, bonded zone inventory of nickel rose to 8,400 mt, with the inventory of nickel briquettes and nickel plates of 1,470 mt and 6,930 mt respectively. Imports of pure nickel have suffered losses for more than two months, which was narrowed by the decline in LME nickel prices overnight, hence some NORNICKEL nickel cleared customs. The supply tightness of pure nickel was eased, and the SHFE/LME nickel price ratio has improved. Some pure nickel arriving at ports was waiting for customs clearance this week amid the expected import profits.