Nickel stocks held in Shanghai Futures Exchange-approved warehouses dropped by 10.3% week on week as of Thursday April 4, despite domestic demand from the major downstream consumption sector of stainless steel still being sluggish.
Deliverable nickel stocks at SHFE-approved warehouses have fallen by 1,128 tonnes since March 29 to 9,794 tonnes as of this Thursday, which marks the third consecutive week of decline for nickel on the SHFE. Zhongchu Dachang Logistics in Shanghai had the biggest fall...