Bonded Zone Inventory of Nickel Drops Slightly from February 17

SHANGHAI, Feb 24 (SMM) - Bonded zone inventory of nickel dropped 400 mt to 6,600 mt WoW as of February 24, with the inventory of nickel briquettes and nickel plates standing at 1,470 mt and 5,130 mt respectively. Nickel plate inventory fell more amid the opening of the import window this week. Downstream demand was poor early this week when the nickel prices rose. Afterwards, the demand grew following the fall in nickel prices on Thursday and Friday. Nickel briquette demand from the stainless steel sector was low, thus the bonded zone inventory of nickel briquettes stood flat WoW this week.