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Home / Metal News / Spot Nickel Imports Maintained Sound Profits

Spot Nickel Imports Maintained Sound Profits

Jan 7, 2022 16:43

Source:SMM

The SHFE/LME nickel price ratio bottomed out this week, and the import window re-opened, which improved the profitability of traders.

SHANGHAI, Jan 7 (SMM) – The SHFE/LME nickel price ratio bottomed out this week, and the import window re-opened, which improved the profitability of traders. However, the increase in bonded zone inventory was mainly contributed by nickel plant, which may extend into next week, and they are expected to flow to the domestic market directly in light of tight domestic supply. The spot premiums were at a high level.

Looking into next week, the market shall watch the imports of NORNICKEL nickel, and the premiums.

nickel

bonded zone

inventory

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As of April 15 Friday, SMM China copper inventory across major markets in China added 4,000 mt from Monday April 11 to 139,300 mt, down slightly by 1,000 mt from last Friday. The weekly inventory dropped again after a short increase last week. Compared with the domestic inventory recorded on Monday, the local stocks all added except for Shanghai during this period.

Apr 15, 2022 15:49

Analysis

SMM China Copper Inventory across Major Market Dropped 1,000 mt on Week

SMM China Copper Inventory in Major Markets Rose 2,600 mt on Week

As of Friday, April 8, SMM copper inventory across mainstream regions in the country achieved the first weekly rise since March 4, with an increase of 3400 mt to 140300 mt compared with Wednesday April 6, and a slight increase of 2600 mt compared with last Friday.

Apr 8, 2022 15:31

Analysis

SMM China Copper Inventory in Major Markets Rose 2,600 mt on Week

INSG：Global Nickel Market was Oversupplied by 6,000 mt In January 2022

The Lisbon-based International Nickel Study Group (INSG) released data on Monday March 21, showing that in January 2022, the global nickel market was oversupplied by 6,000 mt, while there was a supply shortage of 5,300 mt in the same period last year.

Mar 22, 2022 11:37

Analysis

INSG：Global Nickel Market was Oversupplied by 6,000 mt In January 2022

Lead Ingot Social Inventory Down 3,200 mt over Weekend

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin dropped 3,200 mt from Friday March 11 and rose 9,800 mt from Monday March 7 to 119,000 mt as of March 14.

Mar 14, 2022 16:44

Analysis

Lead Ingot Social Inventory Down 3,200 mt over Weekend

Indonesia President Re-iterated Bans on Nickel Mineral Exports

According to sources, Indonesian President Jokowi admitted that the ban on raw ore export had not been without challenges, as the European Union (EU) has filed a lawsuit against Indonesia’s nickel ore export ban at the World Trade Organization (WTO).

Mar 2, 2022 15:33

Industry

Indonesia President Re-iterated Bans on Nickel Mineral Exports

Copper Inventory in Domestic Bonded Zone Up 20,850 mt on Week

The copper inventories in domestic bonded zones rose 20,850 mt from last Friday to 286,100 mt as of February 18, according to SMM survey.

Feb 18, 2022 16:06

Analysis

Copper Inventory in Domestic Bonded Zone Up 20,850 mt on Week

Copper Inventory in Domestic Bonded Zone Up 17,150 mt from Monday

The copper inventories in domestic bonded zones rose 17,150 mt from Monday February 7 to 265,250 mt as of February 11, according to SMM survey.

Feb 11, 2022 18:34

Analysis

Copper Inventory in Domestic Bonded Zone Up 17,150 mt from Monday

Copper Inventory in Domestic Bonded Zone Up 5,000 mt from Pre-Holiday Level

The copper inventories in domestic bonded zones increased 5,000 mt from Friday January 28 to 248,100 mt as of February 7, according to SMM survey.

Feb 7, 2022 17:32

Analysis

Copper Inventory in Domestic Bonded Zone Up 5,000 mt from Pre-Holiday Level

Copper Inventory in China Bonded Zone Up 16,200 mt on Week

The copper inventories in the domestic bonded zones increased 16,200 mt from December 31 to 203,500 mt as of Friday January 7. The inventory rose more quickly.

Jan 7, 2022 16:36

Analysis

Copper Inventory in China Bonded Zone Up 16,200 mt on Week

SMM Evening Comments (Dec 31): Shanghai Nonferrous Metals Mostly Closed with Gains amid Encouraging China PMI for December

Shanghai nonferrous metals mostly closed in the positive territory as the market was cheered up by the macro front, as China released its December official manufacturing and non-manufacturing PMI readings, which topped market expectation.

Dec 31, 2021 19:00

SMM Comments

SMM Evening Comments (Dec 31): Shanghai Nonferrous Metals Mostly Closed with Gains amid Encouraging China PMI for December

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Spot Nickel Imports Maintained Sound Profits

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