Home / Metal News / Bonded Zone Inventory of Nickel Increased Slightly as the SHFE/LME Price Ratio Narrowed

Bonded Zone Inventory of Nickel Increased Slightly as the SHFE/LME Price Ratio Narrowed

iconAug 5, 2022 17:04
Source:SMM
Affected by the domestic and overseas nickel futures prices, The SHFE/LME price ratio narrowed this week.

SHANGHAI, Aug 5 (SMM) - Affected by the domestic and overseas nickel futures prices, The SHFE/LME price ratio narrowed this week. According to SMM research, the bonded zone inventory of nickel stood at 7,000 mt this week. The inventory of nickel briquette was 3,400 mt, up 700 mt WoW, and that of nickel plate was 3,600 mt. In the peak season of the new energy industry, the demand from the ternary battery rose slightly, and the nickel sulphate output increased. In addition, some salt plants still purchased nickel briquette on rigid demand based on their long-term orders.

Inventory
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news