Bonded Zone Inventory of Nickel Drops Slightly from March 3

SHANGHAI, Mar 10 (SMM) - Bonded zone inventory of nickel dropped 500 mt to 5,100 mt WoW as of March 10, with the inventory of nickel briquettes and nickel plates standing at 1,470 mt and 3,630 mt respectively. The small fall in bonded zone inventory was basically in line with expectations. Nickel plate inventory fell more despite the poor downstream demand amid the dropping nickel prices. Nickel briquette demand from the stainless steel sector was low, thus the bonded zone inventory of nickel briquettes stood flat WoW this week.