Base metals registered an increase in inventories at Shanghai Futures Exchange-registered warehouses during the week to Friday July 9, with nickel increasing the most in percentage terms, up 20.62%.
Nickel stocks totaled 7,555 tonnes on Friday, up by 1,292 tonnes from 6,263 tonnes a week ago. The largest inflow was at Zhongchu Dachang warehouse, Shanghai, where volumes were up by 1,214 tones or 46.6% from a week earlier to 2,604 tonnes, according to the exchange's weekly stocks report.The rise was attributed to larger-than-expected June shipments from Europe. Volumes...