SMM data shows pure nickel stocks in Shanghai bonded zone were unchanged WoW last week, standing at 3,500 mt, including 1,720 mt of nickel briquette and 1,780 mt of nickel plate. Domestic nickel plate sales have warmed up due to downstream stocking up. Additionally, continuous closure of import window further dampened prospects for importing pure nickel.
Nickel inventories in Shanghai bonded zone barely changed
SMM data shows pure nickel stocks in Shanghai bonded zone were unchanged WoW last week, standing at 3,500 mt, including 1,720 mt of nickel briquette and 1,780 mt of nickel plate.
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