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Today's nickel market (6.11) pure nickel transaction light NPI in the steel mill pressure in the stalemate
Jun 11,2019 15:38CST
The content below was translated by Tencent automatically for reference.

[price of SMM nickel products on 11 June]

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[June 11 SMM nickel market trends]

Electrolytic nickel

Spot: in the morning, Russian nickel is generally flat compared with Wuxi 1906, and Jinchuan nickel is generally reported to raise water by 1000 yuan to 1100 yuan / ton compared with Wuxi 1906 contract. Today's market after yesterday's decline, stabilized and rebounded, traders reported last night in the 95800 yuan / ton position and this morning's 96100 yuan / ton plate near the transaction, mainly Russian nickel. With the rise of the disk, downstream transaction enthusiasm declined, basically wait and see, some traders replenish goods, now downstream procurement is basically a small amount of replenishment. Jinchuan ex-factory price quoted 97300 yuan / ton, the mainstream transaction at 96500 to 97600 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 97300 yuan / ton, barreled small pieces 98500 yuan / ton, down 200 yuan / ton compared with yesterday.

Early trading: Lenniya opened at US $11640 / tonne. At the beginning of the day, Lennie concussion rose, touching US $11850 / tonne, and then fell slightly back to US $11760 / tonne line. In the middle of the day, the center of gravity of nickel was arranged horizontally around $11760 a tonne. In the afternoon, the nickel fell below the daily average, concussion down, the center of gravity around 11660 US dollars / ton horizontal plate finishing. At night, Lennie rallied upward, under pressure of $11720 / ton first-line shock fell back, gave up all the gains, out of the V character, closed at $11625 / ton. Trading volume increased by 2616 to 8303, positions decreased by 15700 to 246000, and inventories fell by 72 tons to 163896 tons. Overnight Shanghai nickel opened at 96100 yuan / ton, at the beginning of the plate, the pressure daily average concussion downward, down low 95520 yuan / ton. Subsequently, supported by the downward support of the US dollar, Shanghai nickel rebounded upward, bearing pressure of 96400 yuan / ton first-line shock fell, out of the inverted V character, closed at 95760 yuan / ton. The dollar recovered slightly yesterday as the US and Mexico reached an agreement to suspend tariffs on Mexican goods indefinitely, while a number of UK economic data underperformed and sterling tumbled and was positive for the dollar. In the UK, the monthly rate of decline in manufacturing output in April was the lowest since June 2002. The monthly rate of industrial output fell in April from the previous month, the lowest since September 2012. Nickel floated faintly red yesterday, with Shanghai nickel down nearly 0.5 per cent in night trading. It is expected that today's nickel 11600 to 11750 / ton, Shanghai nickel 95500 to 97000 yuan / ton, spot 96500 to 98000 yuan / ton.

Nickel pig iron, nickel ore

SMM, June 11 (Xinhua)-floods on the Indonesian island of Sulawesi have forced thousands of people to flee their homes and move to higher places, according to local media reports. 4198 people in the Konawe area northeast of Sulawesi have been evacuated to safer areas, Sutopo Purwo Nugroho, a spokesman for the National disaster reduction Agency (BNPB), said on June 10. According to SMM research, the current flood affected the shipment of nickel mines, nickel pig iron plants also have an impact. Among them, the Central Sulawesi area has a greater impact, South Sulawesi and obi Island have little impact, the factory normal production, it is reported that Central Sulawesi has an Indonesian Castle Peak project, the specific impact of the factory is unknown, SMM will continue to follow up.

SMM June 10: according to SMM research, the price of this week's high nickel iron inquiry in a steel mill in the south is 940 yuan / nickel point, including tax, which is the same as last week's inquiry price.

Stainless steel, waste stainless steel

SMM June 10: today's stainless steel factory guidance price is flat than before the festival, Wuxi market, 304 2B (Hongwang) quoted 13700 to 13800 yuan / ton; 201 × 2B (Hongwang) quoted price of 8200 to 8250 yuan / ton. Some agents said that on the first day after the festival, the overall trading environment of the stainless steel market changed little, maintained a stable situation, and the actual transaction price maintained a profit space of 50 to 100 yuan per ton.

Weekly inventory statistics

[SMM pure nickel inventory statistics]

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt stocks, increased by 363 tons, or 0.6 per cent, from last week to 57200 tons. The specific changes are as follows: inventory in East China increased by 2200 tons to 26200 tons compared with last week, mainly due to good import profits in the near future. Bonded areas and long-term arrival goods have been declared to enter the mainland one after another. During the same period, the stocks of refined nickel in Shanghai Free Trade Zone (including Shanghai Tianwei, Ritzit, Lingang, Jiekai and Henry Bath) decreased by 3000 tons to 19900 tons compared with last week.

* subscribe to the SMM Ni-Cr stainless Steel routine report and receive the latest nickel inventory information every Friday. Contact: Zhu Junhui, 13917953839 (same WeChat).

[nickel Industry News focus]

[Yongxing Jiuli two leaders join hands to build a special stainless steel strategic cooperation alliance]

On the evening of June 10, Yongxing Special stainless Steel Co., Ltd. (hereinafter referred to as "Yongxing Special Steel (002756)"), a leading domestic stainless steel leader, and Zhejiang Jiuli Special Materials (002318) Science and Technology Co., Ltd. (hereinafter referred to as "Jiuli Special Materials"), the largest manufacturer of industrial stainless steel and special alloy pipes in China, successively issued a notice saying that they had signed a strategic cooperation framework agreement with each other. The two sides will carry out strategic cooperation at the business and capital market levels. Yongxing Special Steel is mainly engaged in the research and development, production and sales of high quality stainless steel rod and wire rod and special alloy materials. After years of accumulation, Yongxing Special Steel stainless steel rod and wire rod domestic market share for a long time stable second, duplex stainless steel rod and wire rod output ranked first in the country. Jiuli special products cover nearly 100 varieties of industrial stainless steel tubes. Since obtaining the manufacturing license of nuclear-grade products in 2009, Jiuli special products have extensively carried out the research, development and manufacture of nuclear-grade products, which solves the situation that the key core components of nuclear power equipment rely on imports for a long time. After the signing of this agreement, the two sides will make use of their own resources to jointly promote the further penetration of high-end special stainless steel materials in the field of high-end applications.

"[investment must see] Trade friction news flying all over the metal how to win in chaos?

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