Bonded Zone Inventory of Nickel Drops Slightly from February 24

SHANGHAI, Mar 3 (SMM)－Bonded zone inventory of nickel dropped 1,000 mt to 5,600 mt WoW as of March 3, with the inventory of nickel briquettes and nickel plates standing at 1,470 mt and 4,130 mt respectively. Nickel plate inventory fell more in the week as the import window was still open and the spot transactions picked up slightly amid the dropping nickel prices. Nickel briquette demand from the stainless steel sector was low, thus the bonded zone inventory of nickel briquettes stood flat WoW this week.