It is reported that LME nickel inventories amounted to 249,138 tons on November 21 so far.

However, the nickel stocks continued to approaching 250,000 tons mark.

Most market participants predicted that the market demand remained sluggish and nickel stocks could be up to 260,000 tons during the year.

According to the statistic reported on November 21st, LME warehouse stock indicated that Belgium Antwerp nickel stock decreased by 102 tons, Netherlands Rotterdam reduced by 6 tons, Netherlands Vlissingen reduced by 48 tons, Malaysia Johor increased by 300 tons, Taiwan Kaohsiung increased by 444 tons, for a total increase of 588 tons respectively.