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Home / Metal News / Shanghai bonded refined nickel stocks fell 1,500 mt on week

Shanghai bonded refined nickel stocks fell 1,500 mt on week

Mar 26, 2021 18:05

Source:SMM

Inventories of refined nickel in the Shanghai bonded areas decreased 1,500 mt from a week ago to 11,300 mt as of March 26, showed SMM data.

SHANGHAI, Mar 26 (SMM) – Inventories of refined nickel in the Shanghai bonded areas decreased 1,500 mt from a week ago to 11,300 mt as of March 26, showed SMM data.

Nickel cathode and briquette flowed into domestic markets this week, but the import arbitrage window has been closed currently, and refined nickel stocks in Shanghai bonded zone fell to low levels. Shipments from the bonded zone are likely to slow down next week.

Refined nickel

Shanghai bonded zone

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China’s refined nickel output dropped 0.21% from March to 13,000 mt in April. Operating rates across nickel smelters remained unchanged on the month at 59%, down 7 percentage points from a year ago.

May 10, 2021 11:50

SMM Insight Analysis

Exclusive: China’s refined nickel output dropped 0.21% from March to 13,000 mt in April

Refined nickel imports rose YoY in January and February, imports to exceed 10,000 mt again in March

According to customs data, China imported 10,407 mt of refined nickel (including unwrought unalloyed nickel with the total amount of nickel and cobalt ≥99.99% and cobalt ≤0.005%, and other unwrought unalloyed nickel) in January 2021, a month-on-month decrease of 12.41%, but a year-on-year increase of 31.82%.

Apr 15, 2021 13:23

Analysis

Refined nickel imports rose YoY in January and February, imports to exceed 10,000 mt again in March

Inner Mongolia refined zinc smelters to reduce production by 10-20% in Q2

The Development and Reform Commission of Inner Mongolia Autonomous Region, the Department of Industry and Information Technology, and the Energy Bureau have issued the Several Measures to Ensure Control of Energy Consumption recently. Local lead and zinc concentrate mines and refined zinc smelters have been required to control their energy consumption which cannot exceed the level in the same period last year.

Mar 17, 2021 13:45

Analysis

Inner Mongolia refined zinc smelters to reduce production by 10-20% in Q2

Refined nickel update: Limited available cargoes after operations halts among traders, spot nickel quotes rose

Pure nickel traders have closed their accounts last week. As prices of SHFE nickel continued to fall after speculative funds left the market, some buyers entered the market. Limited quotes combined with scarce available cargoes bolstered spot prices.

Jan 4, 2021 16:28

Analysis

Refined nickel update: Limited available cargoes after operations halts among traders, spot nickel quotes rose

Exclusive: China’s refined nickel output rose 11.56% MoM to 13,700 mt in November

China’s refined nickel output rose 11.56% or 1,416 mt from October, but shrank 2.73% from a year earlier, to 13,700 mt in November.

Dec 8, 2020 11:00

Analysis

Exclusive: China’s refined nickel output rose 11.56% MoM to 13,700 mt in November

Shanghai bonded refined nickel stocks rose 1,000 mt on week

Inventories of refined nickel in the Shanghai bonded areas rose 1,000 mt from a week ago and stood at 24,300 mt as of November 6, showed SMM data.

Nov 6, 2020 18:24

Analysis

Shanghai bonded refined nickel stocks rose 1,000 mt on week

Shanghai bonded copper stocks added 4,300 mt on week on weakened domestic consumption

Stocks of copper in Shanghai bonded areas returned to the expansionary territory as domestic consumption weakened and widened discounts of copper scrap squeezed demand for refined copper. SMM data showed that the stocks added 4,300 mt from last Friday July 31 to 219,800 mt as of Friday August 7.

Aug 7, 2020 13:12

Analysis

Shanghai bonded copper stocks added 4,300 mt on week on weakened domestic consumption

Exclusive: China produced 14,600 mt of refined nickel in July, output in Xinjiang and Shandong fell

China produced 14,600 mt of refined nickel in July, down 3.05% or 460 mt from June, but up 15.73% from a year earlier.

Aug 5, 2020 19:14

Analysis

Exclusive: China produced 14,600 mt of refined nickel in July, output in Xinjiang and Shandong fell

Nickel Spot in Shanghai, Nov 20

Nickel futures price slightly decreased this morning.

Nov 20, 2017 13:59

SMM Comments

Price of Jinchuan Refined Nickel, Nov 20

Jinchuan’s quote on their refined nickel (780x850x3~5mm) is 93,200 yuan / ton in Shanghai today and 94,400 yuan / ton for refined nickel (4x4 inch).

Nov 20, 2017 11:41

SMM Comments

Price of Jinchuan Refined Nickel, Nov 20

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Shanghai bonded refined nickel stocks fell 1,500 mt on week

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