Metals
Nickel stocks: As LME nickel stocks fall further, demand for physical delivery of the metal also grows with fears of short supply. LME nickel stocks declined by 7.4kt yesterday- the second biggest one-day withdrawal on record, and resulting in almost 32kt of nickel being withdrawn over the past week. Current LME nickel inventories stand at 126kt, which is a seven-year low, while another 75.4kt is earmarked for withdrawal in the coming days. Most of the withdrawals were seen in Asia, where Indonesia is a major supplier of the metal. Tsingshan Holding, a large stainless steel producer was reportedly taking delivery of the metal. Meanwhile, with SHFE nickel inventory standing at 22kt, it is marginally above this year’s lows of around 9kt; however, that is still significantly lower than the peaks of more than 112kt in 2016.
- Forums
- ASX - By Stock
- Pertinent market/industry news/articles
Metals Nickel stocks: As LME nickel stocks fall further, demand...
-
-
- There are more pages in this discussion • 3,223 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Featured News
Add ARL (ASX) to my watchlist
|
|||||
Last
50.5¢ |
Change
0.025(5.21%) |
Mkt cap ! $100.8M |
Open | High | Low | Value | Volume |
49.0¢ | 52.0¢ | 48.5¢ | $19.80K | 39.06K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 2464 | 50.5¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
52.0¢ | 10000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 2464 | 0.505 |
1 | 17999 | 0.490 |
1 | 4 | 0.480 |
3 | 20212 | 0.465 |
1 | 2000 | 0.460 |
Price($) | Vol. | No. |
---|---|---|
0.520 | 10000 | 1 |
0.540 | 50950 | 1 |
0.560 | 15000 | 1 |
0.595 | 6009 | 1 |
0.605 | 4789 | 1 |
Last trade - 15.59pm 28/06/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |
The Watchlist
LU7
LITHIUM UNIVERSE LIMITED
Alex Hanly, CEO
Alex Hanly
CEO
SPONSORED BY The Market Online