SHFE Nickel Stocks Fall Drastically

The table below shows daily changes of SHFE base metals and stainless steel warrants today.

The table below shows the daily changes of LME base metals stocks today.

The table below shows daily changes of SHFE base metals and stainless steel warrants today.

As of Friday November 24, copper inventories in the domestic bonded zones decreased 1,300 mt from November 17 to 12,200 mt, according to the latest SMM survey.

The table below shows daily changes of SHFE base metals and stainless steel warrants today.

As of November 10, the inventory of nickel ore at Chinese ports increased by 372,000 wmt to 9.862 million wmt compared to November 3.

Bonded zone inventory of nickel dropped 300 mt to 4,300 mt WoW as of April 7.

There have been a few small lithium salt factories in China suspending production and large lithium salt factories cutting output, but the reduced production was relatively low compared with the current inventory of lithium salt factories.

This week, the import window closed, muting trades.

Huayou Cobalt issued an announcement on investment that the company plans to jointly build Huashan Nickel-Cobalt with an annual output of 120,000 mt of Ni content and nickel-cobalt hydroxide hydrometallurgy project with Glaucous through its wholly-owned subsidiary Huatuo International Development Pte. Ltd.