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Home / Metal News / Refined Nickel Social Inventory Increased Last Week

Refined Nickel Social Inventory Increased Last Week

Nov 11, 2024 18:14

Source:SMM

During the week, SMM refined nickel inventory in six major regions totaled 37,423 mt.

During the week, SMM refined nickel inventory in six major regions totaled 37,423 mt, with an inventory buildup of 162 mt WoW. As nickel prices rose, transaction activity decreased. The inventory buildup trend remains unchanged.

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Overnight, LME zinc prices opened at US$2,581/ton and reached a low of US$2,567/ton during the period. During the European trading session, LME zinc prices moved up and hit a high of US$2,605.5/ton, finally closing at US$2,587/ton, up US$0.5/ton, or 0.02%.

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Overnight, the most-traded SHFE 2403 aluminium contract opened at 18,745 yuan/mt, with high and low at 18,760 yuan/t and 18,665 yuan/mt before closing at 18,700 yuan/mt, down 65 yuan/mt or 0.35%.

Jan 19, 2024 10:08

Industry

Weak real estate data hurts market confidence, SHFE zinc prices declined [SMM zinc morning comment]

LME zinc prices opened at $2548/mt last evening and closed down $86.5/mt or 3.39% at $2466.5/mt. Trading volume increased to 11397 lots, and open interest decreased by 1323 lots to 208,000 lots. LME zinc inventory dropped by 1600 mt or 0.77% to 205700 mt.

Jan 18, 2024 09:58

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SMM Comments

Cost Support To Coke Prices Weakens

Low-sulfur coking coal in Lvliang, Shanxi was quoted at 2,300 yuan/mt, while the quotation was 2,250 yuan/mt in Linfen and 2,100 yuan/mt in Tangshan.

Oct 18, 2023 16:52

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Affected by the sharp drop in futures prices, steel mills in the Tangshan area lowered their purchase prices of iron ore concentrate by 20-25 yuan/mt.

Oct 11, 2023 18:10

Industry

Iron ore price in Tangshan still under downward pressure

SMM Zinc Morning Comment

The most-traded SHFE 2303 zinc contract fell after opening lower at $2514.5mt, and finally closed at $2481/mt, down $31/mt or 1.23%. Trading volume

Oct 11, 2023 09:53

Industry

SMM Zinc Morning Comment

Overnight, LME zinc prices opened at $2537/mt and closed down $50/mt or 1.97% at $2489/mt.

Sep 20, 2023 10:27

Industry

SMM Morning Comment For Aluminium Market On September 20

Overnight, the most-traded SHFE 2310 aluminum contract opened at 19,325 yuan/mt and went down before closing at 19,160 yuan/mt, down 75 yuan/mt or 0.39% compared with the previous trading day.

Sep 20, 2023 09:28

Industry

SMM Morning Comment For Aluminium Market On September 20

SMM Events & Webinars

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Nov
24
- 2024 SMM Middle East Secondary Metal Field Trip
  Nov 24 - Dec 01,2024
  UAE
Apr
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- NET ZERO MEA - Solar & Energy Storage
  Apr 09 - 10,2025
  MARRIOTT HOTEL AL JADDAF, DUBAI, UAE
Apr
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- 2025 (20th) SMM Copper Industry Conference and Expo
  Apr 23 - 25,2025
  Nanchang，Jiangxi，China

Refined Nickel Social Inventory Increased Last Week

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 (20th) SMM Copper Industry Conference and Expo