SHFE STOCKS REPORT 27/11: Base metals stocks fall; nickel down by 7.7%

Except lead and tin, base metals' deliverable stocks in Shanghai Futures Exchange-registered warehouses declined in the week to Friday November 27, with nickel inventories down by 7.7%, the highest decline in percentage terms.

Nickel stocks fell by 1,944 tonnes week on week to 23,406 tonnes, with the largest outflow of 1,036 tonnes leaving Zhongchu Dachang warehouse in Shanghai, which reported stocks at 7,969 tonnes, down by 11.5% from a week prior.

“Domestic spot nickel premiums are still high this week [and] at around 3,900 yuan ($592) per tonne...


Sally Zhang

November 27, 2020

11:35 GMT