Today's nickel market (6.6) the transaction of pure nickel has improved and the bidding pressure of ferronickel still exists.

[June 6 SMM nickel product price]

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[June 6 SMM nickel market trends]

Electrolytic nickel

Spot: in the morning, Russia nickel than Wuxi 1906 universal discount 100 to 50 yuan / ton, Jinchuan nickel than Wuxi 1906 contract generally reported water 900 to 1000 yuan / ton. In the morning, some traders rose 800 yuan / ton trading part of Jinchuan nickel, but later basically raised Jinchuan Shengshui. This morning, the market price was consolidated around 9.63-96400 yuan / ton, and the market activity was slightly improved compared with yesterday. Traders reported that the inventory in the early downstream was lower, and now the absolute price is suitable, so they began to purchase goods in Jinchuan due to recent logistics reasons. The supply of goods in Shanghai is a little tight, and the rising water has picked up.

Early trading: Lenniya opened at $11810 a tonne today, with its center of gravity fluctuating within a narrow range around the daily average at the start of the day. At noon, the center of gravity of nickel was arranged horizontally near $11800 per ton. In the afternoon, supported by the fall in the dollar, nickel rallied, rising $11855 a tonne and then reversing its decline, giving up all its gains. LME nickel stocks rose 5136 tons, the biggest increase in a year. Or affected by inventory data, into Europe, nickel fell below the $11800 / ton mark, down $11780 / ton low. Subsequently, the nickel rallied to repair, bearing a pressure of $11800 / ton first-line narrow range of concussion. At night, nickel fell to $11705 a tonne, the lowest in nearly four months, as crude oil stocks soared and crude oil fell and the dollar rose. It closed at $11715 a ton. Positions increased by 1700 to 234000 and trading volume increased by 645 to 9596.

Overnight Shanghai nickel 1907 opened at 96300 yuan / ton, at the beginning of the plate, by 96300 yuan / ton first-line support, pressure daily moving average slightly concussion. Subsequently, affected by the fall in crude oil and the upward US dollar, Shanghai nickel fell below the support line all the way down, falling below the previous low of 95250 yuan per ton to close at 95380 yuan per ton. Trading volume increased by 198000 hands to 420000 hands, and position volume increased by 10300 hands to 192000 hands.

Crude oil stocks rose 6.771 million tons to the highest level since July 2017, while overall US oil stocks rose to the highest level since 1990, according to data released by the US Energy Information Administration (EIA). Us crude and Brent crude both tumbled, falling nearly 2.4 per cent and 1.54 per cent, respectively. Us ADP employment fell to its lowest level since March 2010 in May, another hint of weakness in the US economy. Nickel both inside and outside the market fell, nickel fell nearly 0.7%, Shanghai nickel fell nearly 1%. Today, we should pay attention to the year-on-year final value of GDP in the first quarter of the euro area compared with the quarter-on-quarter end value, the deposit convenience interest rate of the European Central Bank, the marginal loan rate, the main refinancing rate, ECB President Draghi spoke after the policy meeting. The United States trade account (US $100 million) in April and the number of first-time jobless claims in the United States in the week of June 1 (10,000). It is expected that today's nickel 11650 to 11750 / ton, Shanghai nickel 94700 to 95700 yuan / ton, spot price 96200 to 97200 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 96400 yuan / ton, barreled small pieces 97600 yuan / ton, down 800yuan / ton from yesterday.

Nickel pig iron, nickel ore

SMM June 5: according to SMM research, a steel mill in the south has cut the inquiry price of high nickel iron to 940 yuan / nickel point, including tax, 20 yuan / nickel point lower than Monday's inquiry price.

Chromium ore, high carbon ferrochromium

SMM June 5: a high carbon ferrochromium plant with an annual production capacity of 40, 000 tons in Guizhou has suspended production of a 8000kva ore heating furnace, and another 12500kva ore heating furnace is scheduled to stop production in the near future, the time of resumption of production depends on the market.

SMM, 5 June: a high-carbon ferrochromium plant with an annual production capacity of 20, 000 tons in Guizhou has recently shut down and overhauled its 12500kva heat furnace, mainly due to the continuous decline in the price of high-carbon ferrochromium and the loss of the factory. The time of resumption of labor has yet to be determined.

Stainless steel, waste stainless steel

[stainless steel spot market continues to weaken] SMM5 June: stainless steel market steel mill guidance price is the same as yesterday, the market trading atmosphere is cold, the transaction is weak. Wuxi market, 304 2B four feet (Hongwang) quote 13700 to 13800 yuan / ton; 201 × 2B (Hongwang) rough edge base price 8200 to 8250 yuan / ton. Some agents said that they would allow a profit of 50 to 100 yuan per ton according to the specific trading conditions of the order.

Weekly inventory statistics

[SMM pure nickel inventory statistics] according to the SMM survey, the total amount of nickel stocks in Shanghai (including warehouse receipt stocks in the previous period) increased by 1440 tons to 56800 tons, an increase of 2.6 per cent compared with last week. The specific changes are as follows: inventory in East China increased by 500 tons to 24000 tons compared with last week, mainly due to good recent import profits, and long-term goods coming to Hong Kong have been declared to enter the country one after another. Over the same period, the stocks of refined nickel in Shanghai Free Trade Zone (including Shanghai Tianwei, Capital Management Hall, adjacent Port, Jiekai and Henry Bath) increased slightly by 100 tons to 22900 tons compared with last week.

[nickel Industry News focus]

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[Baosteel Desheng (one step) project 3 continuous casting lines produce 2.7 million tons] on June 3, China 20 Metallurgical Group won the bid for the new continuous casting (one step) project of Baosteel Desheng stainless Steel Co., Ltd. The project is located in Luoyuan County, Fujian Province. The main contents of the project include one-step continuous casting and its supporting public auxiliary facilities, and the main processes and public auxiliary facilities of one-step continuous casting workshop are relocated from Baosteel stainless Steel Co., Ltd. The main relocation scope includes three sets of 1650 mm single flow continuous caster mechanical, electrical and hydraulic on-line equipment, off-line maintenance equipment, grinding equipment, lifting equipment, public auxiliary facilities (such as water treatment system, ventilation and dedusting system) and so on. The continuous casting plant is a new factory building with a construction period of 612 calendar days. Baosteel Desheng new continuous casting (one-step) project has set up two stainless steel continuous casting production lines to meet the product requirements of 1.3 million tons of stainless steel and 1 high-quality special steel continuous casting production line, which is used to complete the product requirements of 1.4 million tons of high-quality special steel. Three continuous casters have completed a total of 2.7 million tons / year of billet requirements.

(Posco and Hyundai Steel, two of South Korea's biggest steel giants, have been ordered to suspend blast furnace production] according to foreign media, Posco (POSCO) and Modern Steel (Hyundai Steel), two of South Korea's largest steelmakers, have been ordered to suspend blast furnace production by a number of local governments. Is facing an unprecedented crisis. The local governments of the two companies' steel mills have been investigating since April on charges of illegally emitting air pollutants. As the investigation drew to a close, the government of Quan Ronan Road (South Jeolla) informed Posco on April 24 that the steel plant in Guangyang (Gwangyang) would shut down for 10 days, and on May 16, the Zhongqingnan Road government informed Hyundai Steel to shut down its steel plant in Tangjin. On May 27, Qingshangbei Road asked Posco to stop production of the blast furnace in (Pohang), Posco. Upon receipt of the notification, the two companies complained to local governments and requested hearings. But Zhongqingnan Road confirmed the punishment for modern times on May 30th. Posco Guangyang Steel Plant will hold a hearing on June 18.

Ningbo Baoxin stainless Steel Co., Ltd. ordered a new cold rolling mill from Fafu (Fives) a few days ago, Ningbo Baoxin stainless Steel Co., Ltd. ordered a new cold rolling mill DMS 20Hi EcoMill, from Fafu (Fives) for processing precision stainless steel for high-end applications. It will be the company's first cold rolling equipment to produce precision steel and is scheduled to go into production by the end of 2020. The new DMS 20Hi EcoMill will be able to roll the strip to 0.03mm (30 microns) at a width of 1040 mm. The equipment will have an annual production capacity of 50,000 tons of steel (the final product is 30,000 tons) for automotive, electronic and photovoltaic applications. The latest design of DMS 20Hi EcoMill includes increased rolling speed, new strip and work roll spraying designs, new strip wipers, improvements in flue gas emissions, and cutting-edge concepts of flatness actuators and spindle lubrication.

[environmental impact assessment of Qingtuo annual heat treatment of 530000 tons of stainless steel products and annual output of 6000 tons of finished products]

1. Stainless Steel Heat treatment Project of Fujian Qingtuo Industrial Co., Ltd.

Nature of the project: expansion

Industry category: C3360 metal surface treatment and heat treatment

Construction site: Wan Wu Zhen Sha Wan Cun, Fu'an City

Construction scale: annual heat treatment of 530000 tons of stainless steel products

Construction content: construction of 2 annular solid solution furnaces, 20 bell annealing furnaces and 4 trolley solid melting furnaces, annual heat treatment of 530000 tons of stainless steel products, At the same time, we will build three Φ 4.2m two-stage gas generators, electrical facilities, water treatment and related public auxiliary facilities.

Construction cycle: the project construction cycle is 18 months, from June 2019 to December 2020.

Investment: the total investment in the project is 200 million yuan, of which the investment in environmental protection is 14.82 million yuan, accounting for 7.4% of the total investment in the project.

Production system: the production workshop adopts three shifts of continuous work system, each shift 8 hours, working time 300 days.

Labor fixed staff: the new labor staff of the project is about 85, of which 80 are production workers and 5 are managers.

After the completion of the project, the annual processing of 530000 tons of stainless steel products, the main production products include stainless steel wire and stainless steel bar profiles.

II. Fujian Qingtuo equipment Manufacturing Co., Ltd. Metallurgical equipment and Accessories Manufacturing Project

Project nature: new

Industry category: C3516 special equipment for metallurgy

Construction site: Longzhu Village, Wanwu Town, Fu'an City, located east of Grade II Road on the south side of Dingxin Industrial Office Building (Longzhu Village)

Construction scale: annual output of 6000 tons of finishing products

Construction cycle: the project construction cycle is 4 months, from June 2019 to October 2019.

Investment: the total investment in the project is 118 million yuan, of which the investment in environmental protection is 500000 yuan, accounting for 0.42% of the total investment in the project.

Production system: single shift production, each shift 8 hours, working hours 280 days.

Labor personnel: the number of project personnel is 75.

After the completion of the project, it is mainly engaged in the production and manufacture of metallurgical equipment and accessories, including finishing products, flanges, continuous casting rollers and other products.