Global nickel warehouse stocks continue to dwindle. |
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LME Nickel 3M has rallied about $1,865/mt, or 9.5%, since the December 17 close. Warehouse stocks, which are a measure of the balance of supply and demand, have dwindled in recent months. On January 7, Shanghai Futures Exchange Nickel weekly stocks were pegged at 4,859 mt, a near record low. This morning LME nickel stocks were 99,744 mt, a nine-month low. (1/11/2022) |
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Note: Clients with AEGIS Platform access can see this and other research, plus hedge portfolio reporting and tools here. |
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Price Indications |
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Today's Charts |
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AEGIS Insights |
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01/05/2022: AEGIS Factor Matrices: Most important variables affecting metals prices 12/13/2021: Section 232 Tariffs: Most relevant developments (AEGIS Reference) 11/30/2021: Will the Omicron COVID Variant Impact South African Metals Production or Exports? |
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Important Headlines & Economic Data |
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AISI Steel Capability Utilization Rate Investing.com Economic Calendar 1/7/2022: French aluminium smelter to cut output by 15% on energy costs 1/10/2022: Nickel price hits highest in a month with inventories close to record lows |
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| Important Disclosure: Indicative prices are provided for information purposes only, and do not represent a commitment from AEGIS Hedging Solutions LLC ("Aegis") to assist any client to transact at those prices, or at any price, in the future. Aegis makes no guarantee to the accuracy or completeness of such information. Aegis and/or its trading principals do not offer a trading program to clients, nor do they propose guiding or directing a commodity interest account for any client based on any such trading program.
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