Arrivals extend increases in Shanghai-bonded nickel stocks on week

Published: Aug 30, 2019 14:18

Save

Expanded import losses of 8,600 yuan/mt kept the bonded stocks from entering the domestic market

SHANGHAI, Aug 30 (SMM) – Inventories of refined nickel in the Shanghai bonded areas continued to grow this week on arrivals of forward cargoes. Expanded import losses of 8,600 yuan/mt kept the bonded stocks from entering the domestic market.

SMM data showed that stocks gained 8.2%, or 2,000 mt from a week ago to stand at 26,400 mt as of Friday August 30. Briquettes accounted for 6,700 mt, up 8% or 500 mt on the week.

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

21 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.

21 hours ago

22 hours ago

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

22 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

22 hours ago