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by 7.4kt yesterday- the second biggest one-day withdrawal on record, and resulting in almost 32kt of nickel being withdrawn over the past week.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 • 3,248 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
49.5¢ |
Change
0.040(8.79%) |
Mkt cap ! $98.84M |
Open | High | Low | Value | Volume |
45.5¢ | 50.0¢ | 45.5¢ | $63.93K | 130.9K |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
1 | 3214 | 48.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
50.0¢ | 16000 | 1 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
1 | 3214 | 0.480 |
1 | 2107 | 0.475 |
1 | 20000 | 0.470 |
1 | 42891 | 0.455 |
7 | 173500 | 0.450 |
Price($) | Vol. | No. |
---|---|---|
0.500 | 16000 | 1 |
0.510 | 2192 | 1 |
0.520 | 10575 | 2 |
0.530 | 50950 | 1 |
0.540 | 10000 | 1 |
Last trade - 16.10pm 22/07/2024 (20 minute delay) ? |
Featured News
ARL (ASX) Chart |