SHFE STOCKS REPORT 19/03: Nickel inventory down 16.2% on strong EV demand; copper stocks up 9.1%

March 20, 2021 / www.metalbulletin.com / Article Link

Deliverable stocks of base metals, with the exception of copper and aluminium, in Shanghai Futures Exchange-registered warehouses decreased during the week to Friday March 19, with nickel posting the largest decline in percentage terms at 16.2%.

Nickel inventories stood at 10,563 tonnes on Friday, down by 2,040 tonnes from 12,603 tonnes one week ago, according to the exchange's latest stocks report.Zhongchu Dachang warehouse in Shanghai recorded the largest outflow of nickel, with stocks there falling...

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