Import Window Remains Closed For Nickel

Published: Nov 19, 2021 17:39

Source: SMM

Save

The SHFE/LME nickel price ratio remained low this week. But the concentrated buying on the dip lowered the domestic nickel inventory.

SHANGHAI, Nov 19 – The SHFE/LME nickel price ratio remained low this week. But the concentrated buying on the dip lowered the domestic nickel inventory.

The price spread between the SHFE front-month and next-month contracts widened with the exodus of bears of the SHFE front-month contract on Thursday evening. The nickel price ratio began to rally.

The domestic supply tightness is expected to intensify if the domestic demand remains stable and the nickel price ratio remains at the current level. As such, the import window is likely to reopen.

nickel inventory

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

17 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.

17 hours ago

18 hours ago

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

18 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

18 hours ago