Shanghai bonded refined nickel stocks rose 1,000 mt on week

SHANGHAI, May 28 (SMM) – Inventories of refined nickel in the Shanghai bonded areas increased 1,000 mt from a week ago and stood at 9,700 mt as of May 28, showed SMM data.

Nickel plates and briquettes from LME Asia warehouse arrived in port this week. As the import window was still in a loss state, inventories of domestic refined nickel were also at a low level. Therefore, about 1,000 mt of refined nickel moved into the bonded area to wait for import loss to improve.