LME Nickel Inventories Kept Falling, SHFE Nickel Inventories Refreshed Record Low

SHANGHAI, Jul 27 (SMM) –  According to data released by the LME, since late April last year, LME nickel inventories have been in a downward trend. Last week, LME nickel inventories continued to fall, and the latest inventory level was 60,168 mt as of July 25, constantly refreshing multi-year lows.

SHFE nickel inventories have been falling for six consecutive weeks and decreased by 18.24% on a weekly basis to 1,493 mt as of July 22, setting a new record low.