SHFE Nickel Inventory
Physical nickel stocks in SHFE-approved warehouses
About SHFE Nickel Inventory
SHFE nickel inventory tracks physical nickel stored in exchange-approved warehouses across China. Nickel demand is driven by stainless steel production (which accounts for roughly 70% of consumption) and the rapidly growing EV battery sector. China's position as both a major consumer and processor of nickel makes SHFE stocks a critical global supply indicator.
Frequently Asked Questions
- How is SHFE nickel inventory measured?
- SHFE nickel inventory is measured in metric tons. Nickel is stored as cathodes or briquettes meeting exchange specifications in SHFE-approved warehouses.
- Why is SHFE nickel inventory important?
- China is the world's largest stainless steel producer and a major EV battery manufacturer. SHFE nickel stocks reflect domestic demand from both sectors, making them a key indicator for the global nickel market.
- How does SHFE nickel differ from LME nickel?
- SHFE covers Chinese domestic nickel supply while LME provides global coverage. After the 2022 LME nickel squeeze, SHFE has gained importance as an alternative benchmark for nickel pricing.