SHFE Nickel Inventory Refreshed Lowest Level in 7.5 Months

SHANGHAI, Mar 28 – SHFE nickel inventories plunged in the week of March 24, down 28.13% to 2,146 mt, falling to a seven-and-a-half-month low.

According to data released by the London Metal Exchange (LME), LME nickel inventories rose to a three-week high on March 16 and then fell again.

In the first four days of last week, inventories continued to decline. On March 24, inventories increased and currently stand at 44,304 mt.