Shanghai bonded nickel stocks inched up 100 mt from last Wednesday

SHANGHAI, Jul 3 (SMM) – Inventories of refined nickel in the Shanghai bonded areas rose slightly this week as import profits struggled to improve.
 
SMM data showed that the bonded stocks of refined nickel increased 0.6%, or 100 mt from last Wednesday June 24 to 16,100 mt as of Friday July 3, and the inflow of plated-shaped nickel cathode accounted for the 100 mt gain.
 
Briquettes accounted for the majority of recent arrivals of seaborne pure nickel at Chinese ports, and those cargoes have gone through the customs and did not enter bonded warehouses.