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Today's nickel market (7.1) long withdrawal of Shanghai nickel fell 100, 000 Russian nickel spot than Shanghai 08 discount 500 to 600
Jul 1,2019 15:38CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[July 1 SMM nickel product price]

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[July 1 SMM nickel market trends]

Electrolytic nickel

Spot: July 1, Russia nickel than Shanghai nickel 1908 discount 600-500 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1000 yuan / ton. Compared with the Wuxi 1907 contract, the Russian nickel contract generally reported a discount of 200 yuan per ton, and Jinchuan nickel generally reported a water rise of about 1300 yuan to 1400 yuan per ton compared with the Wuxi 1907 contract. In early trading, prices rose sharply after falling back, fell to the 100000 level near the concussion concentrated transaction, Russian nickel general report discount 500yuan / ton, the transaction is limited. Individual traders reported a discount of 600 yuan per ton, which stimulated the transaction and was relatively active, but then raised the water to 500 yuan per ton of discount. Jinchuan nickel basically rose 1000 yuan / ton, although the trading is light, but the holder has a strong willingness to lift water, No. 1 Jinchuan nickel supply is tight. The second trading period, the price continues to fluctuate near the 100000 gate, some wait and see downstream to purchase, but the quantity is limited, Jinchuan nickel factory price is 99700 yuan / ton, but the positive production can deliver Jinchuan nickel source is less, this price for electrodeposit nickel, the market is still traded by traders bid, the mainstream transaction at 99400 100800 yuan / ton.

[Jinchuan company ex-factory price] on July 1, Jinchuan company electrolytic nickel (big plate) Shanghai quotation 99700 yuan / ton, barreled small pieces 100900 yuan / ton, down 2100 yuan / ton compared with Friday.

Nickel pig iron, nickel ore

[a steel mill in East China has a flat purchase price of high nickel iron this week] SMM June 28: according to SMM research, the transaction price of high nickel iron in a steel mill in East China this week is 960 yuan to 970 yuan / nickel point, including tax, which is the same as last week.

[Ni1.8% high nickel mine CIF quotation rose but the mainstream transaction held steady last week] SMM June 28: according to SMM research, this week high nickel mine CIF quotation rose, Ni1.8% high grade nickel mine to the northern factory CIF quotation rose to 50.551 US dollars / wet ton, compared with last week mainstream transaction rose about US $1.50, but the actual transaction is about 49 US dollars / wet ton, the same as last week.

(Port nickel mine inventory increased] SMM June 28-according to SMM, as of Friday, nickel mine stocks in all ports across the country increased to 12.96 million wet tons, an increase of 250000 wet tons over the previous week, equivalent to 109000 tons of metal, an increase of 2000 tons over the previous week.

High carbon chromium iron and chromium ore

SMM, June 29 (Xinhua) according to SMM investigation, a factory with an annual output of 70, 000 tons of high-carbon ferrochromium in Guizhou stopped production and maintenance in June, affecting the output of 3000 tons, and the time for resuming production depends on the market.

Customs data show that chromium imports rose 8.4 per cent in May from a year earlier, down 18 per cent from a month earlier to 1.3315 million tons.

[chromium mine national port stocks increased by 0.03 per cent to 2.894 million tons from Friday] as of June 28, chromium mine national port stocks fell 0.03 per cent to 2.894 million tons, including Tianjin Port increased by 3.45 per cent to 1.948 million tons, Qinzhou Port by 2.80 per cent to 486000 tons and Lianyungang by 4.44 per cent to 215000 tons.

Nickel sulfate

[a nickel sulfate plant in East China reduces production due to loss] SMM June 28-according to SMM research, a nickel sulfate plant in East China has a production capacity of 400 metal tons per month, and this month it produces about 44 metal tons of nickel sulfate. Due to the sharp rise in nickel prices, the price of nickel sulfate fell and the production lost money.

Stainless steel, waste stainless steel

[Qingshan 304 hot rolled narrow strip open up 400] SMM July 1 news: today, Qingshan 304 narrow strip hot rolling offer 13700 yuan / ton, offer pending approval. The price is 400 yuan / ton higher than the last opening price on June 17.

[SMM stainless steel factory guide price] Beihai Chengde guide price https://news.smm.cn/news/100944271 in July

[SMM stainless steel plant guide price] July 1 Wuxi Taiyuan Iron and Steel spot daily guide price https://news.smm.cn/news/100944249

[SMM stainless steel plant guide price] on July 1, the guidance price of Wuxi stainless steel plant generally increased by 50 to 100 yuan / ton https://news.smm.cn/news/100944285.

[stainless steel plant 200 series cold rolling maintenance plan] SMM June 28: SMM investigation, Foshan Chengde plans to stop maintenance for 10 days in July, when the output of 200 series cold rolled stainless steel will be reduced by 20, 000 tons.

Weekly inventory statistics

[SMM pure nickel inventory statistics]

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 3908 tons, or 6.07 per cent, from last week to 68300 tons, according to a SMM survey. The specific changes are as follows: the inventory in East China increased by 700 tons to 31900 tons compared with last week, and the domestic inverted hanging structure in the first half of the week enabled the long-term arrival of goods to enter the country one after another. During the same period, the inventory of refined nickel in Shanghai Free Trade Zone (including Shanghai Tianwei, Capital Management Hall, Lingang, Jiekai and Henry Bath) was flat compared with last week.

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