[June 26 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 26 SMM nickel market trends]
Electrolytic nickel
Spot: Russian nickel than Shanghai nickel 1907 discount 400-discount 300 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 1300 yuan per ton compared with the Wuxi 1907 contract. Early trading hours, the lower reaches of the high continue to wait and see, cautious procurement into the market. Subsequently, the high price fell, the Shanghai nickel 1907 contract fluctuated around a narrow range of 100200 yuan / ton, due to the adequate supply of nickel in the spot market, the holder mainly shipped, the price decline to stimulate the transaction is still limited, the lack of actual consumption participation, and the recent lack of enthusiasm for traders to take goods. Jinchuan nickel strong, although the transaction is weak, but electrolytic nickel supply is slightly tight, supply and demand is weak. Jinchuan nickel ex-factory price of 101000 yuan / ton, up 1000 yuan / ton from yesterday, the mainstream transaction at 99900 to 101200 yuan / ton.
[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 101000 yuan / ton, barreled small pieces 102200 yuan / ton, up 1000 yuan / ton from yesterday.
Stainless steel, waste stainless steel
[guide price of SMM stainless steel plant] on June 26th, the cold binding price of Wuxi stainless steel plant was 50 yuan / ton higher than that of yesterday's flat hot rolling mill.
For more information, please see https://news.smm.cn/news/100942478
[SMM release] Weekly Price of some stainless Steel plants (6.25 to 7.1)
For more information, please see https://news.smm.cn/news/100942141
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
