Nickel stocks in Shanghai-bonded areas climb 1,500 mt after CNY break

SHANGHAI, Feb 15 (SMM) – Refined nickel inventories in the Shanghai bonded areas climbed 1,500 mt from Monday February 11 to stand at 29,700 mt as of Friday February 15, SMM data showed.

Despite the arrival of forward seaborne cargoes, refined nickel in bonded warehouses barely flowed to the domestic market this week as the import arbitrage window closed.