LME Nickel Stocks Hit Multi-Year Low, SHFE Nickel Stocks Drop to Lowest in Nearly Eight Months

Data released by the London Metal Exchange (LME) showed that LME nickel inventories fell sharply to 43,068 mt on Monday April 3, which is a new low over the past few years.

SHFE nickel inventories fell for three weeks in a row, with a weekly decline of 15.8% to 1,807 mt in the week ending March 31, a new low in almost eight months.