[June 25 SMM nickel product price]
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[June 25 SMM nickel market trends]
Spot: Russian nickel than Shanghai nickel 1907 discount 200 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 1200 yuan per ton compared with the Wuxi 1907 contract. In the early trading period, the disk price continues to rise, the holder has basically shipped the goods, but the downstream due to the high price, the sentiment of purchasing into the market is not strong, rigid demand procurement, sufficient supply in the spot market. Jinchuan company recently reduced water sales, but traders feedback, Shanghai qualified supply is not abundant, according to Jinchuan company factory price is not easy. Jinchuan nickel factory price of 100000 yuan / ton, up from yesterday's 800 yuan / ton, the mainstream transaction at 98400 yuan / ton.
[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 100000 yuan / ton, barreled small pieces 101200 yuan / ton, up from yesterday 800 yuan / ton.
Stainless steel, waste stainless steel
[guide Price of SMM stainless Steel Factory] Today's quotation for hot and cold binding of stainless steel plant in Wuxi area is flat compared with that of yesterday.
For more information, please see https://news.smm.cn/news/100941887
In May 2019, China's stainless steel exports totaled 319200 tons, an increase of 20600 tons over April, an increase of 6.90 percent, and a decrease of 134900 tons, or 29.71 percent, from the same period last year. Imports totaled 70400 tons, up 22500 tons from April, an increase of 46.91 percent, and down 154000 tons, or 68.75 percent, from the same period last year.
In May 2019, Indonesia imported a total of 25200 tons of stainless steel, an increase of 500 percent over April and a decrease of 73.47 percent from May last year. Indonesian stainless steel imports rebounded in May, mainly due to the increase in billet imports from zero in April to 19600 tons in May, while imports of hot plates and cold rolling remained small.
Of these, 162tons of hot rolled products were imported in May, down 60.00 percent from 500 tons in April, 5400 tons in cold rolling, up 45.95 percent from 3700 tons in April, and 19600 tons of billets were imported in May, including 9600 tons of slabs.
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.
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