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Shanghai nickel inventory more than doubled – Winsteel

Shanghai nickel inventory more than doubled

According to the data released by the London Metal Exchange (LME), since late April last year, the overall inventory of LUNI nickel has been in a downward state. Last week, the inventory decline slowed down, and the latest inventory level was 57252 tons, which was at a low level for many years.
According to the data released in the previous period, in the week of August 5, the nickel inventory in Shanghai rebounded sharply, and the weekly inventory increased by 108.62% to 3632 tons, reaching a new high in more than two months.

Shanghai nickel inventory more than doubled