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Home / Metal News / Greater outflows, limited arrivals lower nickel stocks in Shanghai-bonded areas

Greater outflows, limited arrivals lower nickel stocks in Shanghai-bonded areas

Jan 18, 2019 17:10

Source:SMM

Stocks shrank 1,000 mt, or 3.4%, from a week ago and stood at 28,000 mt as of Friday Jan 18

SHANGHAI, Jan 18 (SMM) – Nickel inventories in the Shanghai bonded areas decreased by 1,000 mt, or 3.4%, from a week ago and stood at 28,000 mt as of Friday January 18, SMM data showed.

Low stocks across domestic markets and pre-holiday stockpiling drove cargoes in the bonded areas to domestic markets.

A short turnaround for customs declaration and cash pressures ahead of the Chinese New Year holiday limited arrivals at Chinese ports.

Inventory data

Nickel

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SHFE nonferrous metals declined broadly on Friday January 22. Copper fell 0.61%, zinc slumped 2.51%, lead shed 0.66% and nickel weakened 1.13%, while aluminium edged up 0.1% and tin rose 1.83%.

Jan 22, 2021 19:11

SMM Comments

SMM Evening Comments (Jan 22): Nonferrous metals on the SHFE fell for the most part, zinc plunged 2.51%

Nickel ore inventories at Chinese ports fell 260,000 wmt to 8.61 million wmt

Nickel ore inventories across all Chinese ports decreased 260,000 wmt from January 15 to 8.61 million wmt as of January 22, showed SMM data.

Jan 22, 2021 16:56

Analysis

Nickel ore inventories at Chinese ports fell 260,000 wmt to 8.61 million wmt

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

Shanghai base metals traded mixed on Friday morning as traders monitored the European Central Bank's latest meeting and the beginning of Joe Biden's presidency. Meanwhile, their counterparts on the LME also set for a mixed start.

Jan 22, 2021 10:00

SMM Comments

SMM Morning Comments (Jan 22): Shanghai base metals performance mixed as traders monitored the beginning of Joe Biden’s presidency

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SHFE nonferrous metals closed higher across the board on Friday December 25.

Dec 25, 2020 18:00

SMM Comments

SMM Evening Comments (Dec 25): Shanghai nonferrous metals rose across the board for the 2nd day

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

Shanghai base metals and their counterparts on the LME cruised lower for the most part on Monday morning as the US dollar rebounded slightly.

Dec 21, 2020 10:05

SMM Comments

SMM Morning Comments (Dec 21): Base metals on both SHFE and LME fell mostly on dollar bounce-back

SMM Evening Comments (Nov 23): Shanghai nonferrous metals closed mostly higher, tin fell 0.01%

SHFE nonferrous metals rose for the most part on Monday November 23 as investors continued to watch for coronavirus developments.

Nov 23, 2020 17:30

SMM Comments

SMM Evening Comments (Nov 23): Shanghai nonferrous metals closed mostly higher, tin fell 0.01%

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

Nonferrous metals on the SHFE were mostly higher on Friday morning, and their counterparts on the LME also rose for the most part.

Nov 20, 2020 09:25

SMM Comments

SMM Morning Comments (Nov 20): Shanghai base metals were mostly higher and the LME complex also rose for the most part

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SHFE nonferrous metals were mostly higher on Monday November 16 on the signing of the Regional Comprehensive Economic Partnership (RECP) over the weekend and upbeat Chinese economic data released today.

Nov 16, 2020 18:48

SMM Comments

SMM Evening Comments (Nov 16): Shanghai nonferrous metals rose broadly on the signing of RECP and positive Chinese economic data

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

Shanghai base metals traded mixed on Thursday morning following an overnight bounce for tech stocks on Wall Street as a recent rotation into cyclicals paused. Meanwhile, their counterparts on the LME also set for a mixed start.

Nov 12, 2020 09:28

SMM Comments

SMM Morning Comments (Nov 12): Shanghai base metals performance mixed as the pandemic situation remains severe

SMM Morning Comments (Nov 11): Shanghai base metals performance mixed as coronavirus vaccine hopes buoy sentiment

Shanghai base metals traded mixed on Wednesday morning, as investor sentiment continued to be buoyed by a recent positive development on the coronavirus vaccine front. Meanwhile, their counterparts on the LME were mostly higher.

Nov 11, 2020 09:20

SMM Comments

SMM Morning Comments (Nov 11): Shanghai base metals performance mixed as coronavirus vaccine hopes buoy sentiment

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Greater outflows, limited arrivals lower nickel stocks in Shanghai-bonded areas

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2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo