LME and SHFE Nickel Inventory Created New Lows

Published: Jun 21, 2022 13:21

Save

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

SHANGHAI, Jun 21 (SMM) - According to the data released by the London Metal Exchange (LME), since the end of May, LME nickel inventory has been on a downward trend. The inventory dropped sharply last week, with the latest data recording at 68,856 mt, a new low of more than two years.

According to the data released by the Shanghai Futures Exchange, nickel inventory dropped sharply last week. The weekly inventory fell by 26.49% to 2,564 mt, creating a historically low.

Market

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

25 mins ago

【SMM Flash News】Indonesia's HMA Nickel Slightly Decreased in First Period of June

The Indonesian Ministry of Energy and Mineral Resources (ESDM) has officially released the Nickel Mineral Reference Price (HMA) for the first half of June 2026. The HMA for the second half of May is as follows: the nickel price is $18,799.3 per ton (compared to the first half of May 2026, 18849.29 USD/ton), a decrease of 50 USD of 5.88%; the price of cobalt is 55,851.43 US dollars per ton; the HMA of iron ore is 1.6 USD/ton; and the HMA of chrome ore price is 6.37 USD/ton. • Ni 1.2%: USD 49.84/wmt (↓ $0.1) • Ni 1.3%: USD 54.61/wmt (↓ $0.11) • Ni 1.4%: USD 60.00/wmt (↓ $0.05) • Ni 1.5%: USD 65.25/wmt (↓ $0.06) • Ni 1.6%: USD 70.75/wmt (↓ $0.08)

25 mins ago

10 hours ago

Data: SHFE, DCE market movement (Jun 02)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 02 Jun , 2026

10 hours ago

14 hours ago

Indonesian MHP Nickel and Cobalt FOB Prices See Mixed Movements, High-Grade Matte Rises

According to SMM data, on June 2, the FOB price of Indonesian MHP nickel rose by $60/mt Ni from the previous day, while the FOB price of Indonesian MHP cobalt fell by $30/mt Co. The FOB price of Indonesian high-grade nickel matte rose by $76/mt Ni.

14 hours ago