Today's nickel city (6.21) the warehouse atmosphere is about to subside and the disk surface will become weaker and the Yangjiang area will begin to limit electricity.-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Futures movement
  • MMi Iron Ore Port Index
  • Copper scrap
  • Nickel
  • Copper
  • Evening comments
  • Aluminium
  • Macroeconomics
  • Production data
  • Inventory data
  • Tin
  • Stainless steel
  • Market commentary
  • inventory

Today's nickel city (6.21) the warehouse atmosphere is about to subside and the disk surface will become weaker and the Yangjiang area will begin to limit electricity.

Translation 02:31:33PM Jun 21, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

[June 21 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 21 SMM nickel market trends]

Electrolytic nickel

Spot: in the morning, Russian nickel is more flat than Wuxi 1907. Some traders offer a discount of 50 yuan per ton, and some downstream are willing to hang orders. Jinchuan nickel than Wuxi 1907 contract generally reported 700 yuan / ton of water. Some of them are quoted at 800 yuan per ton. Russian nickel rising water continued to decline slightly, traders reported that the recent spot market supply gradually increased, import inflows and delivery after the end of some of the supply flow to the spot market, and today due to a sharp decline, most of the downstream cautious receipt of goods, individual downstream orders are lower. The spot market is very light. Jinchuan nickel rising water to maintain stability, according to traders feedback, although Jinchuan company actively shipment, but the supply of goods in Shanghai is not much, Jinchang headquarters is abundant. Jinchuan nickel ex-factory price of 98800 yuan / ton, down 1200 yuan / ton from yesterday, the mainstream transaction at 98400 to 99200 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 98800 yuan / ton, barreled small pieces 100000 yuan / ton, down 1200 yuan / ton compared with yesterday.

Nickel pig iron, nickel ore

SMM6 20-month news: according to SMM research, Yangjiang area began to limit electricity today, mainly due to the local conventional line transformation, is expected to return to normal in 15 to 20 days, local nickel pig iron and stainless steel plant production has been affected. According to a nickel pig iron factory in Yangjiang area, it is expected to affect about 10% of normal production. The output of nickel pig iron in this area was 5000 metal tons in May and 500 metal tons in June, accounting for about 1 per cent of the national nickel pig iron production in May.

Stainless steel, waste stainless steel

[guide price of SMM stainless steel plant] on June 21, the quotation for hot and cold binding of stainless steel plant in Wuxi area was raised by 50 yuan to 100 yuan per ton.

For more information, please see https://news.smm.cn/news/100940836

SMM6 20 month news: this morning stainless steel plant cold and hot rolling guidance prices are raised by 50 yuan / ton. According to SMM research, the prices of state-owned 304-2B rough edge rolls in Wuxi market are 14300-14400 yuan / ton, private 304-2B rough edge rolls are 14100-14150 yuan / ton, and Delong 304 / NO. 15 feet are quoted at 13300 yuan / t-13350 yuan / ton. In the afternoon, as a result of Shanghai nickel pull up, Qingshan hot coil sealed, agents generally raised 50 yuan / ton. The deal improved a little all day.

SMM June 21: the market price of waste stainless steel this week increased by 100 to 150 yuan / ton, and the price of 304 aggregate materials in Wuxi area was quoted at 8900 to 9100 yuan / ton. The market price of waste stainless steel has been increased by 100 to 150 yuan / ton, and the price of 304 aggregate materials in Wuxi area has been quoted at 8900 to 9100 yuan / ton. Some traders said that the procurement situation of the source of goods was stable as a whole, and the price increased or slightly increased because of the market price of stainless steel finished products, which played a certain role in promoting the price of the scrap market.

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).

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business

 

Today's nickel city (6.21) the warehouse atmosphere is about to subside and the disk surface will become weaker and the Yangjiang area will begin to limit electricity.

Translation 02:31:33PM Jun 21, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

[June 21 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 21 SMM nickel market trends]

Electrolytic nickel

Spot: in the morning, Russian nickel is more flat than Wuxi 1907. Some traders offer a discount of 50 yuan per ton, and some downstream are willing to hang orders. Jinchuan nickel than Wuxi 1907 contract generally reported 700 yuan / ton of water. Some of them are quoted at 800 yuan per ton. Russian nickel rising water continued to decline slightly, traders reported that the recent spot market supply gradually increased, import inflows and delivery after the end of some of the supply flow to the spot market, and today due to a sharp decline, most of the downstream cautious receipt of goods, individual downstream orders are lower. The spot market is very light. Jinchuan nickel rising water to maintain stability, according to traders feedback, although Jinchuan company actively shipment, but the supply of goods in Shanghai is not much, Jinchang headquarters is abundant. Jinchuan nickel ex-factory price of 98800 yuan / ton, down 1200 yuan / ton from yesterday, the mainstream transaction at 98400 to 99200 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 98800 yuan / ton, barreled small pieces 100000 yuan / ton, down 1200 yuan / ton compared with yesterday.

Nickel pig iron, nickel ore

SMM6 20-month news: according to SMM research, Yangjiang area began to limit electricity today, mainly due to the local conventional line transformation, is expected to return to normal in 15 to 20 days, local nickel pig iron and stainless steel plant production has been affected. According to a nickel pig iron factory in Yangjiang area, it is expected to affect about 10% of normal production. The output of nickel pig iron in this area was 5000 metal tons in May and 500 metal tons in June, accounting for about 1 per cent of the national nickel pig iron production in May.

Stainless steel, waste stainless steel

[guide price of SMM stainless steel plant] on June 21, the quotation for hot and cold binding of stainless steel plant in Wuxi area was raised by 50 yuan to 100 yuan per ton.

For more information, please see https://news.smm.cn/news/100940836

SMM6 20 month news: this morning stainless steel plant cold and hot rolling guidance prices are raised by 50 yuan / ton. According to SMM research, the prices of state-owned 304-2B rough edge rolls in Wuxi market are 14300-14400 yuan / ton, private 304-2B rough edge rolls are 14100-14150 yuan / ton, and Delong 304 / NO. 15 feet are quoted at 13300 yuan / t-13350 yuan / ton. In the afternoon, as a result of Shanghai nickel pull up, Qingshan hot coil sealed, agents generally raised 50 yuan / ton. The deal improved a little all day.

SMM June 21: the market price of waste stainless steel this week increased by 100 to 150 yuan / ton, and the price of 304 aggregate materials in Wuxi area was quoted at 8900 to 9100 yuan / ton. The market price of waste stainless steel has been increased by 100 to 150 yuan / ton, and the price of 304 aggregate materials in Wuxi area has been quoted at 8900 to 9100 yuan / ton. Some traders said that the procurement situation of the source of goods was stable as a whole, and the price increased or slightly increased because of the market price of stainless steel finished products, which played a certain role in promoting the price of the scrap market.

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).

Scan QR code and apply to join SMM metal exchange group, please indicate company + name + main business