Shanghai-bonded nickel stocks decline in open arbitrage window

Published: Jun 21, 2019 16:08

Save

Inventories of refined nickel in the Shanghai bonded areas shrank 1,000 mt, or 5.9% from Jun 14

SHANGHAI, Jun 21 (SMM) – Inventories of refined nickel in the Shanghai bonded areas shrank 1,000 mt, or 5.9% from Friday June 14 to stand at 15,900 mt as of Friday June 21, SMM data showed. This came after a drop of 3,000 mt in the previous week.

Bonded cargoes continued to move into the domestic market, driven by an open import arbitrage window in the first half of the week. Limited imports arrived at the bonded warehouses this week, with forward cargoes directly entering the domestic markets.

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 for 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

2 hours ago

[SMM Nickel Morning Meeting Minutes] Trump Says US Debt Problem Needs to Be Solved by Economic Growth, the Most-Traded SHFE Nickel Contract Strengthens in Early Trading

[8.25 Morning Meeting Minutes] Trump: Solving the $40 trillion US debt problem relies on growth, no instructions given to Bessent to intervene in the bond market. The most-traded SHFE nickel 2609 contract strengthened in early trading, closing at 129,910 yuan/mt at the end of the morning session, down 0.63%. The expectation of quota supply release from Indonesia and high inventories exerted pressure, but a weaker US dollar and cost support provided a floor. In the short term, the trading range of the most-traded SHFE nickel contract is expected to be 127,000-132,000 yuan/mt.

2 hours ago

19 hours ago

Data: SHFE, DCE market movement (Aug 24)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 24 Aug , 2026

19 hours ago

【SMM Nickel Flash】Philippines & China Weather Update (August 24, 2026)

Typhoon Saudel (locally Obet) entered the Philippine Area of Responsibility on August 24 and is moving west-northwestward, with potential impacts on the East China Sea and East China coast around August 26–27, though the track remains uncertain. For nickel logistics, Zambales/Sta. Cruz and Subic loading ports remain the key areas to watch, as heavy rain, strong winds and rough seas could cause short-term disruptions to ore loading and transportation. Surigao and other major nickel areas are expected to see limited impact. In mainland China, the East China Sea route and East China coastal ports should be monitored, as deteriorating sea conditions could temporarily affect vessel operations and port activities around August 26–27.

19 hours ago