Non-ferrous

Non-ferrous

Base Metals

Rare Earth

Scrap Metals

Minor Metals

Precious Metals

Ferrous Metals

Ferrous Metals

Iron Ore Index Iron Ore Price Finished Steel Coke Coal Pig Iron Silicon Steel

New Energy

New Energy

Solar Lithium Cobalt Ternary Precursor and Material Anode Materials Chemical Compound Lithium-ion Battery Used Lithium-ion Battery Sodium-ion Battery Hydrogen Energy Energy Storage

Dashboard DatabasePro Reports Events Car Insight

Home / Metal News / Slow trades keep Shanghai-bonded nickel stocks unchanged

Slow trades keep Shanghai-bonded nickel stocks unchanged

Mar 29, 2019 16:01

Source:SMM

Inventories barely changed from a week ago and stood at 28,600 mt as of Mar 28

SHANGHAI, Mar 29 (SMM) – Inventories of refined nickel in the Shanghai bonded areas barely changed from a week ago and stood at 28,600 mt as of Friday March 29, SMM data showed.

The import arbitrage window remained closed despite lower value-added tax rates. This lowered the appeal of imported materials.

Traded cargoes this week are unlikely to enter the domestic market before the VAT cuts take effect next Monday. This also deterred traders or downstream consumers from purchasing cargoes from bonded areas.

Inventory data

Nickel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

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

Related news

Operating rates of copper rods are expected to decline in September with high inventories

Operating rates at copper rod makers stood at 72.66% in August, a decrease of 3.50 percentage points month on month and 2.79 percentage points year on year, according to SMM survey.

time

Sep 7, 2020 10:33

Operating rates of copper rods are expected to decline in September with high inventories

Shanghai bonded refined nickel stocks remained unchanged on week

Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 20,800 mt as of September 4, showed SMM data.

time

Sep 4, 2020 17:42

Shanghai bonded refined nickel stocks remained unchanged on week

China steel rebar inventory shrank on week in a high season

Inventories of steel rebar across Chinese steelmakers and social warehouses declined in the week ended September 3 as in-plant stocks fell rapidly in a traditional high season.

time

Sep 4, 2020 15:25

China steel rebar inventory shrank on week in a high season

Social inventories of lead ingots dropped larger than expectations

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dropped more than 4,700 mt from the prior week to 31,600 mt in the week ended September 4.

time

Sep 4, 2020 14:20

Social inventories of lead ingots dropped larger than expectations

Silicon social inventories rose 4,000 mt on week

Social inventories of silicon metal in China edged higher this week as producers in Yunnan stepped up operations.

time

Aug 28, 2020 16:52

Silicon social inventories rose 4,000 mt on week

Social inventories of lead ingots dipped 700 mt on week

Social inventories of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dipped 700 mt from the prior week to 36,400 mt in the week ended August 28.

time

Aug 28, 2020 13:51

Social inventories of lead ingots dipped 700 mt on week

Zinc social inventories expanded 6,700 mt from last Friday

Zinc inventories in China increased 6,700 mt over the weekend, and Shanghai and Tianjin were the two major contributors.

time

Aug 3, 2020 14:14

Zinc social inventories expanded 6,700 mt from last Friday

Stainless steel consumption in China to improve during Q2-Q4 2020

Stainless steel consumption has improved significantly month-on-month in July, but remained weaker than the same period last year. Inventories extended declines, suggesting robust sales in major markets, but remained higher compared to July 2019, according to the recent SMM survey.

time

Jul 31, 2020 17:57

Stainless steel consumption in China to improve during Q2-Q4 2020

Silicon social stock rose 1,000 mt on week

Silicon metal inventories in China continued to rise this week, albeit by a slower pace as seasonal gains in south China’s Kunming were offset by losses in the north caused by the shutdown of a major plant in Xinjiang and logistical disruptions amid a flare-up in coronavirus infections there.

time

Jul 31, 2020 16:33

Silicon social stock rose 1,000 mt on week

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

Those metals cruised higher across the board in overnight trading. Zinc surged 1.7%, aluminium climbed 1.4%, lead advanced 0.7%, copper gained 0.3% and tin edged up 0.2%, while nickel failed to fully recover from opening losses and was down 0.3%.

time

Jul 29, 2020 10:03

SMM Morning Comments (Jul 29): Shanghai base metals held onto overnight gains ahead of Fed rate decision

SMM Events & Webinars

Oct
08
- 2nd Li-ion Battery Europe 2024
  Oct 08 - 10,2024
  THE EGG BRUSSELS, BELGIUM
Jun
24
- 2024 Global Renewable Metal Industry Chain Summit
  Jun 24 - 25,2024
  To foster international cooperation and dialogue among industry colleagues
  Kuala Lumpur , Malaysia
Jun
18
- 2024 ASEAN Automotive Supply Chain
  Jun 18 - 19,2024
  Pattaya,Thailand

MOST POPULAR

1.Benchmarking Analysis Of the Development Direction Of MHP And Nickel Matte

2.Technical Due Diligence Survey Of Nickel Product Unit

3.Long-term Price Forecast Of Nickel Industry

4.Feasibility Study Of Nickel Industry Investment

5.Indonesia Ni Industry Analysis

Shanghai Metals Market

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

Drop us a line

service.en@smm.cn

How can we help you?

+86 021 5155-0306

Live chat via WhatsApp

Copyright © 2024 SMM Information & Technology Co., Ltd. All rights reserved.