Today's nickel market (6.17) nickel price high narrow range finishing downstream procurement caution-Shanghai Metals Market

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Today's nickel market (6.17) nickel price high narrow range finishing downstream procurement caution

Translation 03:01:21PM Jun 17, 2019 Source:SMM

[June 17 SMM nickel product price]

* subscribe to the SMM Ni-Cr stainless Steel routine report and receive the latest information in the morning, noon and closing hours. Contact: Zhu Junhui, 13917953839 (same WeChat).

[June 17 SMM nickel market trends]

Electrolytic nickel

Spot: Russian nickel in the morning than Wuxi 1907 liter water 300 400 yuan / ton. Jinchuan nickel than Wuxi 1907 contract generally reported a water rise of 900 yuan-1000 yuan / ton. This week, traders moved their positions to Wuxi 1907 contracts, but the transaction was not satisfactory on Monday. Recently, the profit from domestic imports continued to be large, the domestic supply continued to increase, and the supply was sufficient, while downstream procurement was cautious in the case of high absolute prices. Jinchuan nickel recent transactions have been relatively light. Today, the volatility of the disk is relatively narrow, at 99500 yuan / ton position, there are a small number of transactions. The mainstream transaction is 99800100600 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 100600 yuan / ton, barreled small pieces 101800 yuan / ton, down 400 yuan / ton compared with Friday.

Early trading: Lenniya opened at US $11850 / tonne. At the beginning of the day, Lennie was supported by the daily average and fluctuated upward, breaking through the US $12000 / ton barrier and touching US $12065 / ton. Subsequently, the nickel fell slightly, supported by the US $12000 / ton barrier below, and the upper pressure of US $12060 / ton first-line interval concussion operation. In the afternoon in Europe, nickel fell below the $12000 / tonne mark to $11920 per tonne, with a daily average under pressure and a narrow range of centre of gravity around $11960 per tonne. Entering the European session, the daily average of $11980 / ton was supported by $11900 / ton below, and the range fluctuated to close at $11920 / tonne. The settlement price rose $75 / ton, or 0.63%, compared with the previous trading day. The position increased by 5000 hands to 263000 hands, the trading volume decreased 1623 hands to 9384 hands, and the inventory fell 582t to 163122 tons. Shanghai nickel 1907 contract opened at 99890 yuan / ton, at the beginning of the day, shanghai nickel center of gravity around the daily average of 100000 yuan / ton around a narrow range of shock, then, after rising 100360 yuan / ton shock down, fell below the 100000 yuan / ton mark, the bottom 99430 yuan / ton after rebounding up to the daily average line, closed at 99970 yuan / ton.

At the beginning of the day, Lennie was supported by the daily moving average and fluctuated upward, breaking through the US $12000 / ton barrier and touching US $12065 / ton. Subsequently, the nickel fell slightly, supported by the US $12000 / ton barrier below, and the upper pressure of US $12060 / ton first-line interval concussion operation. In the afternoon in Europe, nickel fell below the $12000 / tonne mark to $11920 per tonne, with a daily average under pressure and a narrow range of centre of gravity around $11960 per tonne. Entering the European session, the daily average of $11980 / ton was supported by $11900 / ton below, and the range fluctuated to close at $11920 / tonne. The settlement price rose $75 / ton, or 0.63%, compared with the previous trading day. The position increased by 5000 hands to 263000 hands, the trading volume decreased 1623 hands to 9384 hands, and the inventory fell 582t to 163122 tons.

Shanghai nickel 1907 contract opened at 99890 yuan / ton, at the beginning of the day, shanghai nickel center of gravity around the daily average of 100000 yuan / ton around a narrow range of shock, then, after rising 100360 yuan / ton shock down, fell below the 100000 yuan / ton mark, the bottom 99430 yuan / ton after rebounding up to the daily average line, closed at 99970 yuan / ton.

Nickel pig iron, nickel ore

SMM June 16: according to SMM research, since June, Indonesia has continued torrential rain weather, Central Sulawesi to southeastern Sulawesi area affected by floods, resulting in a nickel iron factory in southeastern Sulawesi this week, unable to feed and affect production, late recovery depends on weather changes, according to SMM research, the furnace itself has not been damaged. If the weather improves at a later stage, the recovery may be more smooth. Demand side, according to SMM research, a steel mill in the south this week high nickel iron inquiry price of 940 yuan / nickel point, to the plant including tax, compared with last week's inquiry price is the same.

SMM, June 14 (Xinhua) according to SMM research, heavy rain has continued in Indonesia since June, and flooding has affected the areas from Central Sulawesi to southeastern Sulawesi. The main affected mines are Yangda, TPI, ACM and Sambas, etc., the shipment time is delayed due to the failure of shipment, and some of the loading has not been shipped for a long time for a month. However, the weather has gradually improved since mid-June and shipment has gradually recovered.

SMM June 14: according to SMM research, due to the decline in the overall demand of the new energy industry, the precursor plant partially opened to reduce production, thus dragging down the demand for nickel sulfate. Battery-grade nickel sulfate prices continued to fall this week, the mainstream transaction at 23500-24000 yuan / ton, down 24000 yuan / ton from last week.

SMM, June 14 (Xinhua) as of Friday, nickel mine stocks in all ports across the country rose to 12.55 million wet tons, an increase of 210000 wet tons over the previous week, or 106000 tons of metal, or 2000 tons more than last week, according to SMM.

Stainless steel, waste stainless steel

[cold rolling price of stainless steel increases by 50 yuan / ton] SMM14 June: today, the quotation for private cold rolling of stainless steel in Foshan area has been raised by 50 yuan / ton, of which Hongwang 304 / 2B four-foot cutting coil price is 14200-14250 yuan / ton, and the state-owned 3042B four-foot quotation is 14750-14800 yuan / ton. Recently, the rise in nickel prices, for the stainless steel market has a certain impact on the price, but some agents said that although the price has been slightly increased, but the transaction situation has not been greatly improved.

Weekly inventory statistics

[SMM pure nickel inventory statistics]

According to the SMM survey, total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 4835 tons, or 8.5 per cent, from last week to 62000 tons. The specific changes are as follows: inventory in East China increased by 2000 tons to 28200 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 16900 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]

[Xinxing cast pipe stainless steel pipe project is about to go into production] according to market news, the stainless steel water pipe project invested by Xinxing cast Pipe Co., Ltd. has entered the equipment commissioning stage and is expected to be put into production on June 25. The new cast pipe special pipe production base project has a total investment of 6.9 billion yuan, has completed an investment of 3 billion yuan, plans to occupy an area of 2000 mu, and plans to build 300000 tons of bimetallic composite pipe and high-end seamless steel pipe and other special pipe projects, mainly for the research and development of advanced technology of iron and steel materials and large-scale production of high-end seamless steel pipe products. The first phase of centrifugal casting composite pipe project started construction in March 2010, with a total investment of 3 billion yuan. After the project is put into production, it can produce 150000 tons of bimetallic composite pipe and high alloy steel pipe annually.

Anhui's first 28000-ton duplex stainless steel chemical ship was launched on the morning of June 15, Anhui Daily reported. Anhui Province's first 28000-ton duplex stainless steel chemical ship built by Wuhu Shipyard Co., Ltd. The ship is a single class CCS classification society, the largest tonnage duplex stainless steel chemical ship, suitable for carrying II, III chemicals and oil products and other goods. According to the report, in the process of construction, the technical difficulties such as welding deformation control and precision control of duplex stainless steel have been overcome one after another, and the utilization rate of duplex stainless steel has reached more than 99 percent, marking a new stage in the technical level of Anhui shipbuilding industry.

Today's nickel market (6.17) nickel price high narrow range finishing downstream procurement caution

Translation 03:01:21PM Jun 17, 2019 Source:SMM

[June 17 SMM nickel product price]

* subscribe to the SMM Ni-Cr stainless Steel routine report and receive the latest information in the morning, noon and closing hours. Contact: Zhu Junhui, 13917953839 (same WeChat).

[June 17 SMM nickel market trends]

Electrolytic nickel

Spot: Russian nickel in the morning than Wuxi 1907 liter water 300 400 yuan / ton. Jinchuan nickel than Wuxi 1907 contract generally reported a water rise of 900 yuan-1000 yuan / ton. This week, traders moved their positions to Wuxi 1907 contracts, but the transaction was not satisfactory on Monday. Recently, the profit from domestic imports continued to be large, the domestic supply continued to increase, and the supply was sufficient, while downstream procurement was cautious in the case of high absolute prices. Jinchuan nickel recent transactions have been relatively light. Today, the volatility of the disk is relatively narrow, at 99500 yuan / ton position, there are a small number of transactions. The mainstream transaction is 99800100600 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 100600 yuan / ton, barreled small pieces 101800 yuan / ton, down 400 yuan / ton compared with Friday.

Early trading: Lenniya opened at US $11850 / tonne. At the beginning of the day, Lennie was supported by the daily average and fluctuated upward, breaking through the US $12000 / ton barrier and touching US $12065 / ton. Subsequently, the nickel fell slightly, supported by the US $12000 / ton barrier below, and the upper pressure of US $12060 / ton first-line interval concussion operation. In the afternoon in Europe, nickel fell below the $12000 / tonne mark to $11920 per tonne, with a daily average under pressure and a narrow range of centre of gravity around $11960 per tonne. Entering the European session, the daily average of $11980 / ton was supported by $11900 / ton below, and the range fluctuated to close at $11920 / tonne. The settlement price rose $75 / ton, or 0.63%, compared with the previous trading day. The position increased by 5000 hands to 263000 hands, the trading volume decreased 1623 hands to 9384 hands, and the inventory fell 582t to 163122 tons. Shanghai nickel 1907 contract opened at 99890 yuan / ton, at the beginning of the day, shanghai nickel center of gravity around the daily average of 100000 yuan / ton around a narrow range of shock, then, after rising 100360 yuan / ton shock down, fell below the 100000 yuan / ton mark, the bottom 99430 yuan / ton after rebounding up to the daily average line, closed at 99970 yuan / ton.

At the beginning of the day, Lennie was supported by the daily moving average and fluctuated upward, breaking through the US $12000 / ton barrier and touching US $12065 / ton. Subsequently, the nickel fell slightly, supported by the US $12000 / ton barrier below, and the upper pressure of US $12060 / ton first-line interval concussion operation. In the afternoon in Europe, nickel fell below the $12000 / tonne mark to $11920 per tonne, with a daily average under pressure and a narrow range of centre of gravity around $11960 per tonne. Entering the European session, the daily average of $11980 / ton was supported by $11900 / ton below, and the range fluctuated to close at $11920 / tonne. The settlement price rose $75 / ton, or 0.63%, compared with the previous trading day. The position increased by 5000 hands to 263000 hands, the trading volume decreased 1623 hands to 9384 hands, and the inventory fell 582t to 163122 tons.

Shanghai nickel 1907 contract opened at 99890 yuan / ton, at the beginning of the day, shanghai nickel center of gravity around the daily average of 100000 yuan / ton around a narrow range of shock, then, after rising 100360 yuan / ton shock down, fell below the 100000 yuan / ton mark, the bottom 99430 yuan / ton after rebounding up to the daily average line, closed at 99970 yuan / ton.

Nickel pig iron, nickel ore

SMM June 16: according to SMM research, since June, Indonesia has continued torrential rain weather, Central Sulawesi to southeastern Sulawesi area affected by floods, resulting in a nickel iron factory in southeastern Sulawesi this week, unable to feed and affect production, late recovery depends on weather changes, according to SMM research, the furnace itself has not been damaged. If the weather improves at a later stage, the recovery may be more smooth. Demand side, according to SMM research, a steel mill in the south this week high nickel iron inquiry price of 940 yuan / nickel point, to the plant including tax, compared with last week's inquiry price is the same.

SMM, June 14 (Xinhua) according to SMM research, heavy rain has continued in Indonesia since June, and flooding has affected the areas from Central Sulawesi to southeastern Sulawesi. The main affected mines are Yangda, TPI, ACM and Sambas, etc., the shipment time is delayed due to the failure of shipment, and some of the loading has not been shipped for a long time for a month. However, the weather has gradually improved since mid-June and shipment has gradually recovered.

SMM June 14: according to SMM research, due to the decline in the overall demand of the new energy industry, the precursor plant partially opened to reduce production, thus dragging down the demand for nickel sulfate. Battery-grade nickel sulfate prices continued to fall this week, the mainstream transaction at 23500-24000 yuan / ton, down 24000 yuan / ton from last week.

SMM, June 14 (Xinhua) as of Friday, nickel mine stocks in all ports across the country rose to 12.55 million wet tons, an increase of 210000 wet tons over the previous week, or 106000 tons of metal, or 2000 tons more than last week, according to SMM.

Stainless steel, waste stainless steel

[cold rolling price of stainless steel increases by 50 yuan / ton] SMM14 June: today, the quotation for private cold rolling of stainless steel in Foshan area has been raised by 50 yuan / ton, of which Hongwang 304 / 2B four-foot cutting coil price is 14200-14250 yuan / ton, and the state-owned 3042B four-foot quotation is 14750-14800 yuan / ton. Recently, the rise in nickel prices, for the stainless steel market has a certain impact on the price, but some agents said that although the price has been slightly increased, but the transaction situation has not been greatly improved.

Weekly inventory statistics

[SMM pure nickel inventory statistics]

According to the SMM survey, total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 4835 tons, or 8.5 per cent, from last week to 62000 tons. The specific changes are as follows: inventory in East China increased by 2000 tons to 28200 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 16900 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]

[Xinxing cast pipe stainless steel pipe project is about to go into production] according to market news, the stainless steel water pipe project invested by Xinxing cast Pipe Co., Ltd. has entered the equipment commissioning stage and is expected to be put into production on June 25. The new cast pipe special pipe production base project has a total investment of 6.9 billion yuan, has completed an investment of 3 billion yuan, plans to occupy an area of 2000 mu, and plans to build 300000 tons of bimetallic composite pipe and high-end seamless steel pipe and other special pipe projects, mainly for the research and development of advanced technology of iron and steel materials and large-scale production of high-end seamless steel pipe products. The first phase of centrifugal casting composite pipe project started construction in March 2010, with a total investment of 3 billion yuan. After the project is put into production, it can produce 150000 tons of bimetallic composite pipe and high alloy steel pipe annually.

Anhui's first 28000-ton duplex stainless steel chemical ship was launched on the morning of June 15, Anhui Daily reported. Anhui Province's first 28000-ton duplex stainless steel chemical ship built by Wuhu Shipyard Co., Ltd. The ship is a single class CCS classification society, the largest tonnage duplex stainless steel chemical ship, suitable for carrying II, III chemicals and oil products and other goods. According to the report, in the process of construction, the technical difficulties such as welding deformation control and precision control of duplex stainless steel have been overcome one after another, and the utilization rate of duplex stainless steel has reached more than 99 percent, marking a new stage in the technical level of Anhui shipbuilding industry.