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China Weekly Inventory Summary and Data Wrap (Aug 12)
Aug 12, 2022 19:00
This is a roundup of China's metals weekly inventory as of August 12.
Latest China Nickel Markets
Bonded Zone Inventory of Nickel Dropped Slightly this Week amid the Poor Demand
At the beginning of the week, affected by the domestic and overseas nickel futures prices, the imports of overseas pure nickel spots remained profitable though the SHFE/LME nickel price ratio narrowed.
Aug 12, 2022 18:32
CST
SMM Evening Comments (Aug 12): Shanghai Nonferrous Metals Mostly Closed with Gains amid Warming Market Sentiment
Shanghai nonferrous metals closed mostly with gains after the market sentiment eased as both US CPI and PPI in July were lower than expected. But investors believe that despite fresh evidence of cooling inflation, the Federal Reserve still needs to aggressively raise interest rates to fully tame rising consumer prices.
Aug 12, 2022 18:00
CST
SMM Morning Comments (Aug 12): Base Metals Closed Mostly with Gains amid Lower-than-expected US CPI and PPI
LME and SHFE base metals closed mostly with gains as the macro sentiment eased as the data released last night showed that the U.S. July producer price index (PPI) unexpectedly fell MoM. Coupled with Wednesday night's release of lower than expected July U.S. CPI data, the market reduced the expectations for the Federal Reserve to stick to aggressive interest rate hikes.
Aug 12, 2022 10:00
CST
SMM Evening Comments (Aug 11): Shanghai Nonferrous Metals Mostly Closed with Gains as Slowing US Inflation Boosts Longs
Shanghai nonferrous metals closed mostly with gains as the US CPI rose 8.5% year-on-year, which is lower than expected, with a reading of 9.1% in June. Slowing US inflation has boosted the confidence of longs, hence non-ferrous metals posted gains across the board.
Aug 11, 2022 18:00
CST
SMM Morning Comments (Aug 11): Base Metals Closed Mostly with Gains on Lower-than-Expected US CPI Reading
LME and SHFE base metals closed mostly with gains as the US July CPI disclosed overnight was lower than expected, and the market players generally believed that the US inflation may have topped.
Aug 11, 2022 10:00
CST
more news
Related Price
SMM #1 Nickel, RMB/mt
Aug.12
186500
(
+4,900
|
+2.7%
)
#1 JinChuan Nickel, RMB/mt
Aug.12
187400
(
+4,300
|
+2.35%
)
#1 Import Nickel, RMB/mt
Aug.12
184900
(
+5,050
|
+2.81%
)
Nickel Briquettes, RMB/mt
Aug.12
184400
(
+5,800
|
+3.25%
)
Ni0.9%,Fe49%,Al≥7%,CIF,Philippines, USD/wmt
Aug.12
29.5
(
0
|
0%
)
Publications
SMM has more than 50 professional industry analysts in copper, aluminum, lead, zinc, nickel, tin and minor metals, and are committed to providing in-depth, professional, as well as timely reports and research.
Besides, over 80 steel professionals engaged in China's steel industry. They have been working on the weekly report China Steel Briefing, the monthly report China Steel PMI-Monthly, a survey of steel downstream.
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