SHFE Nickel Stocks Fall Drastically

Published: Mar 21, 2023 17:20

Save

SHFE nickel stocks fell sharply in the week ending March 17.

Data from SHFE showed that SHFE nickel stocks stood at 2,986 mt as of March 17, a drop of 31.28% from a week ago.

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

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

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

Related News

50 mins ago

[SMM Daily Nickel Intermediate Product Review] March 4: Nickel Prices for MHP and High-Grade Nickel Matte Declined

As of now, the FOB price of Indonesian MHP nickel was $15,549/mt Ni, and the FOB price of Indonesian MHP cobalt was $49,819/mt Co. MHP payables (against the SMM battery-grade nickel sulphate index) were 85-86, and the MHP cobalt element payable indicator (against SMM refined cobalt (Rotterdam warehouse)) was 91. The FOB price of Indonesian high-grade nickel matte was $15,910/mt Ni.

50 mins ago

2 hours ago

【SMM Nickel Flash News】 APNI and PNIA Sign MOU to Establish IndoPhil Nickel Corridor

The Indonesian Nickel Miners Association (APNI) and the Philippine Nickel Industry Association (PNIA) have officially signed a Memorandum of Understanding (MOU) to establish the "IndoPhil Nickel Corridor," a strategic platform between the world's two largest nickel producers. Signed in Manila on February 12, 2026, the agreement focuses on five key pillars: data and policy governance, industry dialogue, cross-country learning, ESG-based capacity building, and adaptive cooperation mechanisms. This collaboration aims to strengthen the regional nickel supply chain from upstream to downstream while aligning with ASEAN’s sustainable mineral development principles to support the global green energy transition.

2 hours ago

20 hours ago

Data: SHFE, DCE market movement (Mar 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Mar , 2026

20 hours ago