Today's nickel market (6.24) traders began to pay attention to the impact of macro news this week.-Shanghai Metals Market

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Today's nickel market (6.24) traders began to pay attention to the impact of macro news this week.

Translation 04:26:39PM Jun 24, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

[price of SMM nickel products on 24 June]

* 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 24 SMM nickel market trends]

Electrolytic nickel

Spot: starting this week, traders most of the Shanghai nickel 1907 discount, Russian nickel than Shanghai nickel 1907 discount 200 to 100 yuan / ton. Jinchuan nickel than Shanghai nickel 1907 contract generally reported a water rise of 1000 yuan / ton. The Russian nickel contract is generally flat compared with the Wuxi 1907 contract, and Jinchuan nickel is generally reported to have increased the water by 1100 yuan per ton compared with the Wuxi 1907 contract. Early trading hours, the overall market price is still high, individual traders in Shanghai nickel 98800 yuan / ton position to discount 200yuan / ton transaction. However, procurement sentiment is still cautious, only on-demand procurement, sufficient supply of goods in the spot market, strong wait-and-see sentiment downstream. Jinchuan company recently reduced water sales, but traders feedback that the supply of goods in Shanghai is not abundant, according to Jinchuan company factory price to pick up the goods, but Jinchang headquarters can pick up the goods. Jinchuan nickel ex-factory price of 99200 yuan / ton, up 400 yuan / ton from Friday, the mainstream transaction at 98500 to 99600 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 99200 yuan / ton, barreled small pieces 100400 yuan / ton, 400 yuan / ton higher than last Friday.

Stainless steel, waste stainless steel

[SMM stainless Steel Plant Guide Price] Hongwang quotation of Wuxi stainless Steel Plant was raised by 50 yuan / ton today. Other steel mills are unchanged from last Friday.

For more information, please see https://news.smm.cn/news/100941392

Ningbo Baoxin factory price in July 2019 SMM June 24: Ningbo Baoxin July 2019 ex-factory price (including tax price): 304cold rolling 14800 yuan / ton, month-on-month increase of 14800 yuan / ton; 430cold rolling 9700 yuan / ton, down 100 yuan / ton from June.

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]

Total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 2320 tons, or 3.7 per cent, from last week to 64400 tons, according to a SMM survey. The specific changes are as follows: inventory in East China increased by 3000 tons to 31200 tons compared with last week, mainly due to better import profits in the first half of the week, and bonded areas and long-term arrival goods entered 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 1000 tons to 15900 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

 

Key Words:  Steel  steel plate  steel bar  steel price 

Today's nickel market (6.24) traders began to pay attention to the impact of macro news this week.

Translation 04:26:39PM Jun 24, 2019 Source:SMM
The content below was translated by Tencent automatically for reference.

[price of SMM nickel products on 24 June]

* 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 24 SMM nickel market trends]

Electrolytic nickel

Spot: starting this week, traders most of the Shanghai nickel 1907 discount, Russian nickel than Shanghai nickel 1907 discount 200 to 100 yuan / ton. Jinchuan nickel than Shanghai nickel 1907 contract generally reported a water rise of 1000 yuan / ton. The Russian nickel contract is generally flat compared with the Wuxi 1907 contract, and Jinchuan nickel is generally reported to have increased the water by 1100 yuan per ton compared with the Wuxi 1907 contract. Early trading hours, the overall market price is still high, individual traders in Shanghai nickel 98800 yuan / ton position to discount 200yuan / ton transaction. However, procurement sentiment is still cautious, only on-demand procurement, sufficient supply of goods in the spot market, strong wait-and-see sentiment downstream. Jinchuan company recently reduced water sales, but traders feedback that the supply of goods in Shanghai is not abundant, according to Jinchuan company factory price to pick up the goods, but Jinchang headquarters can pick up the goods. Jinchuan nickel ex-factory price of 99200 yuan / ton, up 400 yuan / ton from Friday, the mainstream transaction at 98500 to 99600 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 99200 yuan / ton, barreled small pieces 100400 yuan / ton, 400 yuan / ton higher than last Friday.

Stainless steel, waste stainless steel

[SMM stainless Steel Plant Guide Price] Hongwang quotation of Wuxi stainless Steel Plant was raised by 50 yuan / ton today. Other steel mills are unchanged from last Friday.

For more information, please see https://news.smm.cn/news/100941392

Ningbo Baoxin factory price in July 2019 SMM June 24: Ningbo Baoxin July 2019 ex-factory price (including tax price): 304cold rolling 14800 yuan / ton, month-on-month increase of 14800 yuan / ton; 430cold rolling 9700 yuan / ton, down 100 yuan / ton from June.

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]

Total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 2320 tons, or 3.7 per cent, from last week to 64400 tons, according to a SMM survey. The specific changes are as follows: inventory in East China increased by 3000 tons to 31200 tons compared with last week, mainly due to better import profits in the first half of the week, and bonded areas and long-term arrival goods entered 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 1000 tons to 15900 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

 

Key Words:  Steel  steel plate  steel bar  steel price