SHFE STOCKS REPORT 24/09: Inventories of most base metals down but aluminium, zinc up

Base metals mostly registered declines in inventories at Shanghai Futures Exchange-registered warehouses during the week to Friday September 24, with nickel and copper falling the most, by 18.7% and 17.9% respectively; zinc stocks were up by 15.9%.

Traders reported a more active nickel spot market; the uptrend in SHFE prices eased right prior to the Chinese public holidays. This provided buying opportunities in the week to September 24, leading to nickel changing hands in the week to September 24.

The active rolling nickel cathode SHFE price...


Liz Ng

September 24, 2021

11:52 GMT