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Home / Metal News / [metal weekly inventory] previous period aluminum inventory minus 21629 tons LME nickel inventory minus 9822 tons

[metal weekly inventory] previous period aluminum inventory minus 21629 tons LME nickel inventory minus 9822 tons

Oct 25, 2019 16:19

Source:SMM

SMM News: October 18-25, LME metal inventory week aluminum inventory reduced by 10925 tons to 966200 tons, nickel inventory reduced by 9822 tons to 76758 tons.

Between October 18 and 11, aluminum stocks on the Shanghai Futures Exchange fell by 21629 tons.

Copper stocks in the SMM bonded area were reduced by 3000 tons.

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Last week, the US Fed announced that it may begin to shrink the balance sheet at the next meeting in May. The pace will be accelerated to a monthly reduction of $95 billion.

Apr 11, 2022 13:06

SMM Insight

Copper Prices were under Pressure due to the Stronger US Dollar Aroused by the Hawkish Speech of the US Fed

SMM China Lead Ingot Inventory Up 400 mt on Week

SMM China lead ingot inventory across five major markets totalled 99,800 mt as of Friday April 8, up 400 mt from last Friday April 1 and 500 mt from Wednesday April 6.

Apr 8, 2022 15:14

Analysis

SMM China Lead Ingot Inventory Up 400 mt on Week

China HRC Stocks Up 28,300 mt on Week

The total inventory of HRC across social warehouses and steel makers in China stood at 3.58 million mt as of April 7, up 28,300 mt or 0.8% on the week, a decrease of 0.39% on the year.

Apr 7, 2022 16:20

Analysis

SHFE Lead Outperformed LME Lead amid Sound Demand among Others

The moves of SHFE and LME have been heading toward different directions recently. As of December 8, LME lead has been falling for five consecutive sessions. SHFE lead, on the other hand, rallied strongly after falling for two days in a row, and rose 1.88% to 15,175 yuan/mt to close the day.

Dec 9, 2021 14:05

SMM Insight

SHFE Lead Outperformed LME Lead amid Sound Demand among Others

Supply-Demand of Zinc Ingots to Return to a Tight Balance in December amid Maintenance at Smelters

Market focus this week includes the readings of the manufacturing PMI in the Eurozone in November and the Markit manufacturing PMI in the United States in November; the one-year loan market interest rate as of November 22 in China. On the events front, the Federal Reserve FOMC will release the minutes of the monetary policy meeting this Thursday; Bank of England Governor Bailey will deliver a speech this Friday.

Nov 23, 2021 10:15

SMM Insight SMM Comments

Supply-Demand of Zinc Ingots to Return to a Tight Balance in December amid Maintenance at Smelters

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

Shanghai base metals all trended higher on Monday morning boosted by the unexpectedly low US employment data. Meanwhile, their counterparts on LME trended mixed.

Oct 11, 2021 09:59

SMM Comments

SMM Morning Comments (Oct 11): Base Metals Rose across the Board on Low Employment Data

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

Shanghai nonferrous metals closed all in the positive territory as the US debt risks have been contemporarily mitigated.

Oct 8, 2021 19:00

SMM Comments

SMM Evening Comments (Oct 8): Shanghai Nonferrous Metals Closed with Gains amid Mitigated US Debt Risks

China HRC Inventory Up 3.3% from Sep 30

SMM data showed that HRC stocks across social warehouses and steel makers rose 119,800 mt or 3.3% on the week, but down 13.63% than a year ago, to 3.75 million mt as of October 8.

Oct 8, 2021 17:11

Analysis

China Rebar Inventory Up 0.6% from Sep 30

Inventories of rebar across Chinese steelmakers and social warehouses stood at 8.75 million mt as of October 8, up 56,100 mt or 0.6% from a week ago. Stocks are down 2.58 mt or 22.8% from a year earlier.

Oct 8, 2021 16:30

Analysis

China Rebar Inventory Up 0.6% from Sep 30

China Rebar Inventory Down 10.9% on Week

Inventories of rebar across Chinese steel makers and social warehouses stood at 8.70 million mt as of September 30, down 1.06 million mt or 10.9% from a week earlier. Stocks are down 1.85 mt or 17.6% from a year earlier.

Sep 30, 2021 16:28

Analysis

China Rebar Inventory Down 10.9% on Week

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[metal weekly inventory] previous period aluminum inventory minus 21629 tons LME nickel inventory minus 9822 tons

SMM Events & Webinars

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit

2024 ASEAN Automotive Supply Chain