Base metal stocks on the Shanghai Futures Exchange (SHFE) showed divergent trends during the week ending Friday November 16, with nickel stocks surging 10.5% on a weekly basis.
Deliverable nickel stocks at SHFE-approved warehouses moved up 1,558 tonnes or 10.5% week on week to 16,387 tonnes.Out of the four provinces in China, Shanghai was the only province to witness a nickel stock increase, where the Zhongchu Dachang warehouse had the most stock arriving at 1,179 tonnes. ...