Nickel stocks in Shanghai-bonded areas dip 14% from end-Sep

Published: Oct 12, 2018 16:41

Save

Nickel inventories in Shanghai bonded areas fell 14% from the end of Sep to stand at 37,000 mt as of Oct 12

SHANGHAI, Oct 12 (SMM) – Nickel inventories in the Shanghai bonded areas decreased 14%, or 6,000 mt from the end of September to stand at 37,000 mt as of October 12, SMM data showed.

With an open import arbitrage window, importers continued to move Russian cargoes from bonded warehouses to the domestic spot market even as import earnings thinned at the end of September.

Arbitrage opportunities also prompted importers to move October’s forward cargoes directly to the market. This limited materials that entered into bonded warehouses.

Inventory data Nickel

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

22 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

22 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

22 hours ago

23 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

23 hours ago