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...