According to the data released by LME, the inventory of nickel has been on a downward trend since the end of May.

            SHANGHAI, Jul 19 (SMM) - According to the data released by LME, the inventory of nickel has been on a downward trend since the end of May, creating new lows constantly, with the latest data of 62,532 mt.

According to the data released by SHFE, the nickel inventory continued to drop slightly last week by 3.64% to 1,826 mt, hitting a record low. At present, the inventory has been declining for five weeks.