Deliverable nickel and zinc stocks in Shanghai Futures Exchange-approved warehouses rose in the week to Friday May 31, while the rest of the complex retreated.
SHFE nickel stocks totaled 9,938 tonnes on Friday, up by 840 tonnes or 9.2% from last Friday. The largest inflow of nickel this week was registered at SIPG Logistics' warehouse in Shanghai, with 725 tonnes of the metal entering the warehouse. Muted demand for stainless steel, which is the main consumer of nickel,...