Bonded Zone Inventory of Nickel Falls 200 mt from May 12

SHANGHAI, May 19 (SMM) - As of May 19, bonded zone inventory of nickel stood at 4,100 mt, down 200 from May 12. The inventory of nickel briquettes was 1,670 mt, and that of nickel plates was 2,430 mt. Spot transactions have picked up significantly owing to the low nickel prices and the downstream sectors' rigid demand for nickel plates. On the other hand, some imported pure nickel priced against LME nickel were cleared due to higher prices in China.