Bonded Zone Inventory of Nickel Drops Slightly from March 31

SHANGHAI, Apr 7 (SMM) - Bonded zone inventory of nickel dropped 300 mt to 4,300 mt WoW as of April 7, with the inventory of nickel briquettes and nickel plates standing at 1,370 mt and 2,930 mt respectively. SHFE/LME price ratio fell, and the import window remained closed this week. A small amount of NORNICKEL nickel was cleared during the week as some traders locked the price ratio. The spread between nickel briquette and nickel sulphate shrank on the fall in pure nickel prices, but the new energy sector did not release any nickel briquette demand.