SHFE STOCKS REPORT 05/03: Nickel inventory falls 14%; other metals gain

Deliverable base metals stocks at Shanghai Futures Exchange-registered warehouses mostly rose in the week to Friday March 5, except nickel, which recorded a 14.4% plunge in inventory, according to the exchange’s latest stocks report.

Nickel stocks totaled 11,393 tonnes on Friday, a fall of 1,913 tonnes (or 14.4%) from 13,306 tonnes a week earlier.

The outflows mainly occurred at warehouses operated by Zhongchu Wuxi in Jiangsu and Shanghai Xinyi Logistics in Shanghai, which recorded declines of 549 tonnes and...

Published

Karen Ng

March 05, 2021

16:18 GMT

Singapore