Shanghai bonded refined nickel stocks remained unchanged on week

Published: Dec 4, 2020 16:30

Save

Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,800 mt as of December 4, showed SMM data.

SHANGHAI, Dec 4 (SMM) – Inventories of refined nickel in the Shanghai bonded areas remained unchanged from a week ago and stood at 23,800 mt as of December 4, showed SMM data.

Arrivals increased on week, and most of nickel briquette are booked for downstream, so they enter China through direct customs clearance. Nickel plating from Japan and Norway has also arrived at the port, and it is not expected to move into the bonded area for the time being. Meanwhile, import loss remained above-3,000 yuan/mt, which caused few transactions in the bonded area.

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

13 hours ago

[SMM Stainless Steel Flash] April 21, 2026: Stainless Steel Market Highlights

LME nickel surpassing US$18,000/ton boosted Chinese Taiwan's stainless steel outlook, with producers accelerating into high-value segments and China's futures hitting two-year highs, pointing to stronger Q2 margins. Tata Steel Netherlands was fined €8.5M for emissions breaches its second penalty in 2026. On prices, 304 futures closed at RMB 14,805/ton; Wuxi and Foshan spot cold-rolled held at RMB 14,900/ton; 316L averaged RMB 28,200/ton in Wuxi and RMB 28,250/ton in Foshan; 201 and 430 held at RMB 8,700/ton and RMB 7,800/ton. LME nickel reclaimed US$18,200, with a weaker dollar and Chinese bond issuance expectations providing broad cost support.

13 hours ago

March Imports and Exports of Hydrometallurgy Intermediate Products

According to the latest data from SMM Customs, imports of SMM hydrometallurgy intermediate products in March 2026 reached 171,240 mt in physical terms, up 37% MoM and up 1.4% YoY. By country, the main incremental volumes this month came from hydrometallurgy intermediate products imported from Papua New Guinea, Indonesia, and New Caledonia.

13 hours ago

[SMM Analysis] March Imports and Exports of Hydrometallurgy Intermediate Products

13 hours ago