Weekly Update on Metals Inventory under Warrants in SHFE Warehouses as of Mar 10_SMM

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Home / Metal News / Copper / Weekly Update on Metals Inventory under Warrants in SHFE Warehouses as of Mar 10

Weekly Update on Metals Inventory under Warrants in SHFE Warehouses as of Mar 10

Mar 10, 2023 16:04

CST

Source:SMM

Copper inventory under warrants in SHFE warehouses decreased 26,008 mt to 214,972 WoW this week.

SHANGHAI, Mar 10 (SMM) - Copper inventory under warrants in SHFE warehouses decreased 26,008 mt to 214,972 WoW this week; Aluminium inventory rose 8,289 mt to 310,888 mt; Lead inventory gained 1,969 mt to 49,492 mt; Zinc inventory grew 218 mt to 123,894 mt; Tin inventory dipped 48 mt to 9,106 mt; Nickel inventory rose 1,461 mt to 4,345 mt this week.

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The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 13, 2022

Sep 13, 2022 15:21 timezone

CST

Data Analysis

Data: SHFE, DCE market movement (Sep 13)

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

On the macro front, since the US Fed Chairman Powell delivered a hawkish speech at the central bank meeting, other Fed officials conveyed their anti-inflation stance and determination.

Sep 13, 2022 13:02 timezone

CST

SMM Insight

Copper Prices Remained High Supported by the Tight Spot Supply in China and Overseas

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

For alloy, nickel plate inventory dropped significantly last week maid improving order book, but the demand weakened again amid rising premiums. To sum up, pure nickel supply tightened to some extent recently, offering support to nickel prices in the near term.

Sep 6, 2022 10:36 timezone

CST

SMM Insight

Pure Nickel Premiums Rebounded amid Supply Tightness, and Stainless Steel Mills Ramp up Purchases of NPI

SMM Evening Comments (Aug 29): Shanghai Nonferrous Metals Closed with Losses amid Extending Tight Monetary Policy Orientation

Shanghai nonferrous metals closed with losses as the market players were still weighing the hawkish speech from Fed Chair Powell last Friday, indicating that the tight monetary policy is needed for some time. And ECB management committee Kazaks also said the ECB should raise interest rates by at least 50 basis points in September.

Aug 29, 2022 18:00 timezone

CST

SMM Comments

SMM Evening Comments (Aug 29): Shanghai Nonferrous Metals Closed with Losses amid Extending Tight Monetary Policy Orientation

Peruvian Ministry of Economy and Finance: Copper Prices to Fall to $3.40/lb in 2023

On Thursday, the Ministry of Economy and Finance of Peru predicted that copper prices might drop from $3.90/lb on average this year to $3.40/lb in 2023. Peru is the second largest copper producer in the world.

Aug 26, 2022 10:53 timezone

CST

Industry News

Peruvian Ministry of Economy and Finance: Copper Prices to Fall to $3.40/lb in 2023

EMM Plants Held their Prices Firm Because of the High Bid Prices

On August 24, the average price of spot EMM in the main producing regions across China stood at 14,500-14,700 yuan/mt, up 100 yuan/mt from the previous trading day.

Aug 24, 2022 17:33 timezone

CST

SMM Comments

EMM Plants Held their Prices Firm Because of the High Bid Prices

China's Imports of Tin Concentrate in July Rose Sharply, and Myanmar Contributed the Most

According to the customs data, China's imports of tin ore and concentrate stood at 23,064 mt in July, up 21.17% YoY. The imports totalled 151,272 mt from January to July, up 39.72% YoY.

Aug 22, 2022 17:00 timezone

CST

SMM Insight

China's Imports of Tin Concentrate in July Rose Sharply, and Myanmar Contributed the Most

Due to the Huge Increase in Raw Material Prices, DMC Prices Rose 1,850 yuan/mt on the Week!

As of last Friday, the DMC Prices stood at 20,800-21,000 yuan/mt, up 1,850 yuan/mt or 9.7%.

Aug 22, 2022 13:29 timezone

CST

SMM Comments

Due to the Huge Increase in Raw Material Prices, DMC Prices Rose 1,850 yuan/mt on the Week!

Spot Trading Remained Poor amid High Nickel Prices

On August 22, spot premiums of Jinchuan nickel were 5,300-5,500 yuan/mt. The average price stood at 5,400 /mt, down 350 yuan/mt from the previous trading day.

Aug 22, 2022 11:07 timezone

CST

SMM Comments

Spot Trading Remained Poor amid High Nickel Prices

Aluminium Costs to Remain High amid High Coal Prices

SHANGHAI, Aug 22 (SMM) - The costs of aluminium smelters remained largely stable last week.

Aug 22, 2022 10:44 timezone

CST

Industry News

Aluminium Costs to Remain High amid High Coal Prices

SMM Events & Webinars

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May
30
- 2023 INDONESIA NICKEL AND COBALT INDUSTRY CHAIN CONFERENCE
  May 30 - 31,2023
  In order to better promote the exchange and development of the nickel and cobalt industry in China and Indonesia.
  JAKARTA, INDONESIA
May
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- SMM the 18th International Zinc and Lead Summit & Expo 2023
  May 16 - 19,2023
  SMM the 18th International Zinc and Lead Summit & Expo 2023
  Hunan，Changsha, China
May
08
- 2023 8th International New Energy Conference And Industry Expo
  May 08 - 10,2023
  The theme of this conference is "Innovation Drives Development and Low Carbon Shapes the Future".
  Hunan•Changsha

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