LME Nickel Inventory at Multiple-Year Low, SHFE Nickel Inventory Down Sharply

According to data released by the LME, the overall nickel inventory continued to decline last week, falling to a multi-year low of 44,346 mt on February 23, and then the inventory rebounded slightly. The inventory fell again this Monday, and the latest inventory level was 44,442 mt.

SHFE nickel inventories have fluctuated in a wide range in recent months. In the week of February 24, SHFE nickel inventory fell further by 23.42% to 2,514 mt.