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Today's nickel market (6.13) Shanghai nickel contract Back structure expansion spot transaction is general, but traders are still rising
Jun 13,2019 13:55CST
The content below was translated by Tencent automatically for reference.

[June 13 SMM nickel product price]

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[June 13 SMM nickel market trends]

Electrolytic nickel

Spot: Russia nickel compares Wuxi 1906 level water to rise water 50 yuan / ton in the morning, individual trader rises water to report 100 yuan / ton, the transaction is difficult. Although the domestic import window opens recently, the source of goods flows in, and the goods are taken downstream in general, but the holder has a strong willingness to lift the water, the main expectation is that the back structure will expand in the later period, the market may be squeezed, and the low-priced goods are not easy to receive. Jinchuan nickel generally reported a water rise of 900 yuan to 1, 000 yuan per ton compared with Wuxi 1906 contract. The rising water is basically stable, and Jinchuan Company is mainly shipping in the near future. Jinchuan ex-factory price quoted 99300 yuan / ton, the mainstream transaction at 98350-99400 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 99300 yuan / ton, barreled small pieces 100500 yuan / ton, up from yesterday.

Early trading: Lenniya opened at US $11900 / ton today. After rising US $11975 / ton at the beginning of the day, it was supported by US $11900 / ton below, and the range of the daily moving average under pressure fluctuated. In the middle of the day, nickel was consolidated at $11900 a tonne. In the afternoon, nickel fell below the 10-day moving average of $11800 per tonne, down $11790 per tonne. Into the European session, nickel rally, the upper pressure of $11850 / ton first-line range shock, then, or by the increase in crude oil stocks, the impact of downward oil prices, nickel break through the daily average near the opening price, after the shock fell back, the center of gravity around $11850 / ton line narrow range fluctuations, closed at $11845 / ton. Position increased by 4800 to 254000, while trading volume decreased by 3313 to 7766. Stocks increased by 114 tons to 163992 tons. Overnight Shanghai nickel opened today at 97930 yuan / ton, at the beginning of the day, by the daily average to support shock upward, touch 98290 yuan / ton after the pressure of 98200 yuan / ton first line, below 98000 yuan / ton first line support, interval concussion operation. Subsequently, Shanghai nickel fell back down, falling below the daily average of 97700 yuan / ton first-line support, pressure-bearing 20 days moving average narrow range shock, closed at 97390 yuan / ton.

According to data released by the US Energy Information Administration (EIA), EIA crude oil stocks rose for three weeks to a 23-month high, PetroAmerica fell nearly 3%, and cloth oil fell below the $60 mark. Nickel both inside and outside the market fell, nickel fell nearly 0.5%, Shanghai nickel fell 0.03%. Today, the forecast is 11700 to 11950 US dollars per ton for nickel, 9800 to 98200 yuan for Shanghai nickel, and 97500 to 99000 yuan per ton for spot prices.

Stainless steel, waste stainless steel

[Wuxi stainless steel cold rolling price flat, hot rolling rose slightly] yesterday morning stainless steel plant cold rolling guide price flat, hot rolling price rose 50 yuan / ton. SMM research, the downstream transaction situation is general, individual traders due to yesterday Lengni pull up, quoted price rose 50 yuan / ton, the actual transaction is still light. In Wuxi market, the price of state 304 2B rough edge roll is 14250 14300 yuan / ton, and the price of private 304 2B rough edge roll is 14000 14100 yuan / ton.

[Foshan stainless steel cold rolling quotation increased by 50 yuan / ton, hot rolling flat] yesterday morning stainless steel plant cold rolling guidance price increased by 50 yuan / ton, hot rolling is generally flat. According to SMM research, the base price of Hongwang 304 / 2B rough edge market in Foshan today is 13700 yuan / ton, and the base price of Yongjin 304 / 2B rough edge market is 13800 yuan / ton, up 50 yuan / ton from yesterday. Lianzhong LH/2B market quotation 8050 8100 yuan / ton, the same as yesterday. The overall transaction situation of the market is general.

[SMM release-stainless Steel Plant Guide Price] Today, the cold and hot rolled prices of stainless steel plants in Wuxi are flat.

For more information, please see https://news.smm.cn/news/100937538

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]

[Qingtuo Industrial steelmaking daily production record 24 hours 28.8 heats] 2019 is the second year when Qingtuo Industrial shares were established and put into production. All the staff of the company are of one mind to make continuous efforts to build the largest steelmaking base in the world. Since the beginning of the year, production has increased steadily, with a total output of 149000 tons in May, with an average output of more than 70, 000 tons per furnace. In June, days of heavy rain did not extinguish the high passion of the staff. On June 9, the day shift produced 12.1 heats, the night shift produced 16.7 heats, 24 hours produced a total of 28.8 heats, constantly breaking through themselves and setting new records, which not only set the highest record for Aoyama Industry, but also broke the world record.


nickel ore
electrolytic nickel
stainless steel

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