Today's nickel market (7.3) Russian nickel than Shanghai nickel 08 discount 400 to 450

Published: Jul 3, 2019 15:30

[July 3 SMM nickel product price]

[July 3 SMM nickel market trends]

Electrolytic nickel

Spot: July 3, Russia nickel than Shanghai nickel 1908 discount 450-400 yuan / ton. Jinchuan nickel compared with Shanghai nickel 1908 contract generally reported rising water 2000 yuan / ton, early trading hours, the price around 9.74-97500 yuan / ton shock, following yesterday's substantial improvement in trading, today's Russian nickel transaction is slightly light, Jinchuan nickel transaction continued yesterday's positive mood, the second trading period, prices continue to fluctuate, some traders according to their own shipment situation, a small increase in Russian nickel water, Jinchuan nickel continues to liter 2000 yuan / ton shipment. The ex-factory price of Jinchuan Company was quoted at 99500 yuan / ton, up 300yuan / ton from yesterday, mainly due to the improvement of transaction, the supply of goods in Jinchuan is tight, and the mainstream transaction is 97000-99600 yuan / ton.

[Jinchuan company ex-factory price] July 3, Jinchuan company electrolytic nickel (big plate) Shanghai quotation 99500 yuan / ton, barreled small pieces 100700 yuan / ton, up 300 yuan / ton from yesterday.

High carbon chromium iron and chromium ore

[steel move dynamic-ferrochromium] SMM July 3-July 2019 Taigang high chromium purchase price of 6050 yuan / 50 basis, including tax to the factory price, down 500 yuan / 50 base tons from the previous month, purchase on demand, the cycle is July 15 to August 15.

[steel move dynamic-ferrochromium] SMM July 3: in July 2019, Baosteel Desheng high chromium purchase price of 6300 yuan / 50 basis, including tax to the factory price, down 450 yuan / 50 basis compared with the previous month.

[steel move dynamic-ferrochromium] SMM July 3: 2019 July Qingshan high chromium purchase price 6296 yuan / 50 basis, including tax to the factory price, month-on-month down 450 yuan / 50 base, delivery deadline August 10, Tianjin Port price reduced 140 yuan / ton, the right amount of procurement.

Stainless steel, waste stainless steel

[SMM stainless steel plant guide price] July 3, Wuxi stainless steel plant hot rolling quotation reduced by 50 yuan / ton cold rolling flat compared with yesterday https://news.smm.cn/news/100945333

[SMM stainless steel plant guide price] July 3 Wuxi Taiyuan Iron and Steel spot daily guide price and yesterday flat https://news.smm.cn/news/100945330

[guide Price of SMM stainless Steel Plant] on July 2, Dongfang Special Steel announced its new weekly price (7.2 to 7.8) https://news.smm.cn/news/100945017.

[guide price of SMM stainless steel plant] July 2, Qingshan Xinkai 201 hot rolling period price https://news.smm.cn/news/100945003

[SMM stainless steel plant guide price] July 2 Jiuquan Iron and Steel Co., Ltd. 304-430 series stainless steel weekly settlement price (7.02-7.08) https://news.smm.cn/news/100945001

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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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

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