LME’s nickel inventory keeps going high due to Chinese stainless steel mills postpone their working day

According to the market news, the current nickel inventory amount in the London Metal Exchange (LME) has continued to increase in the past 9 trading days.

Among them, the inventory had increased by 2,700 tons on February 19th, and the total inventory hit 221,000 tons recently.

The inventory currently has increased by nearly 15% month on month, and the main reason caused by most of the Chinese stainless steel mills were still not resumed to produce yet.