LME and SHFE Nickel Inventory Created New Lows

Published: Jun 21, 2022 13:21

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According to the data released by the London Metal Exchange (LME), since the end of May, LME nickel inventory has been on a downward trend.

SHANGHAI, Jun 21 (SMM) - According to the data released by the London Metal Exchange (LME), since the end of May, LME nickel inventory has been on a downward trend. The inventory dropped sharply last week, with the latest data recording at 68,856 mt, a new low of more than two years.

According to the data released by the Shanghai Futures Exchange, nickel inventory dropped sharply last week. The weekly inventory fell by 26.49% to 2,564 mt, creating a historically low.

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