Forward arrivals grow nickel stocks in Shanghai-bonded areas on week

Published: Jan 11, 2019 17:14

Save

Stocks increased 1,000 mt, or 3.6%, from a week ago and stood at 29,000 mt as of Friday Jan 11

SHANGHAI, Jan 11 (SMM) – Nickel inventories in the Shanghai bonded areas increased 1,000 mt, or 3.6%, from a week ago and stood at 29,000 mt as of Friday January 11, SMM data showed.

Arrival of forward cargoes grew bonded stocks in a closed import arbitrage window. Downstream buyers continued to purchaseas needed this week, and traders also kept in-plant inventories at lows before CNY.

Buyers mostly purchased from domestic traders, and barely moved cargoes from the bonded warehouses, which accumulated bonded stock.

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

18 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.

18 hours ago

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

18 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

18 hours ago