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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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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

Aluminium Ingot Social Inventory Up 90,000 mt on Week

SMM data showed that the aluminium ingot social inventory in China totalled 1.04 million mt as of February 17, 2022, up 90,000 mt from last Thursday February 10.

Feb 17, 2022 11:45

Analysis

Aluminium Ingot Social Inventory Up 90,000 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

Lead Ingot Social Inventory Increased 7,600 on Week

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin increased 7,600 mt from last Friday January 28 and rose 3,100 mt from Monday February 7 to 93,100 mt as of February 11.

Feb 11, 2022 15:35

Analysis

Lead Ingot Social Inventory Increased 7,600 on Week

China Rebar Stocks Up 3.74 Million mt from Pre-Holiday Level

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Feb 10, 2022 18:09

Analysis

China Rebar Stocks Up 3.74 Million mt from Pre-Holiday Level

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

Lead Ingot Social Inventory Shrank 1,700 mt over Weekend

The social inventory of lead ingots across Shanghai, Guangdong, Zhejiang, Jiangsu and Tianjin decreased 1,700 mt from last Friday January 21 and fell 3,900 mt from last Monday January 17, to 86,600 mt as of January 24.

Jan 24, 2022 17:52

Analysis

Lead Ingot Social Inventory Shrank 1,700 mt over Weekend

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As of Monday January 24, the copper inventory across major Chinese markets increased 1,400 mt from last Friday to 90,400 mt. The inventories recorded gains on Monday over the weekend for eight straight weeks, but the increment has always been moderate.

Jan 24, 2022 13:51

Analysis

Copper Inventory in Major Chinese markets Added 1,400 mt over Weekend

Nickel Ore Inventories at Chinese Ports Fell 142,000 wmt

The nickel ore inventory at Chinese ports dipped 142,000 wmt from a week earlier to 8.45 million wmt as of January 21.

Jan 21, 2022 17:52

Analysis

Nickel Ore Inventories at Chinese Ports Fell 142,000 wmt

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

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Spot Nickel Imports Maintained Sound Profits

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit