Nickel inventories in Shanghai bonded zone rose

SHANGHAI, Aug 14 (SMM) –

SMM data shows pure nickel stocks in Shanghai bonded zone rose from a week ago, standing at 6,300 mt, including 1,970 mt of nickel briquette and 4,450 mt of nickel plate. Bonded zone inventory showed an accumulating trend, which aligns with SMM's expectations. This is primarily due to the arrival of overseas nickel plates and relatively weak domestic pure nickel demand, leading to a slight increase in bonded zone inventory.