[July 9 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).
[July 9 SMM nickel market trends]
Spot: July 9, SMM 1 # electrolytic nickel 99800 102200 yuan / ton. Russian nickel than Shanghai nickel 1908 discount 400-300 yuan / ton. Jinchuan nickel than Shanghai nickel 1908 contract generally quoted water 1700 to 19 yuan / ton, higher discount price is basically non-market. Early trading hours, prices continue to fall, but the overall is still higher than yesterday, the spot market continues to be shipped, downstream due to high prices in the wait-and-see, general feedback light trading, Jinchuan nickel downgrade compared with yesterday, market wait-and-see. In the second trading period, the price was stable at 99950 yuan / ton, the spot warmed up slightly, and then stabilized and recovered, and the Russian-nickel discount remained stable, but the overall transaction was still not satisfactory. Jinchuan's ex-factory price was 101000, unchanged from yesterday, and the mainstream transaction was 99550-102100 yuan / ton.
[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 101000 yuan / ton, barreled small pieces 102200 yuan / ton, the same as yesterday.
Stainless steel, waste stainless steel
[SMM stainless steel plant guide price] Wuxi stainless steel plant guide price hot rolling general reduction of 50 yuan / ton details: https://news.smm.cn/news/100947403
[SMM stainless steel plant guide price] Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guide price https://news.smm.cn/news/100947395
[CICC's scheduled resumption of production and maintenance affects the output of about 15000 tons.] at present, CICC has resumed production after overhauling. Zhongjin of Liugang has been overhauled since June 18, and blast furnace maintenance, steelmaking, hot rolling and pickling have been overhauled together. This overhaul affects about 15000 of the hot rolling output.
[scrap stainless steel market price is strong] SMM July 8 news: recently, the scrap market recent price trend is strong, 304 first-class waste trader purchase price 9100-9150 yuan / ton, second-class waste purchase price 8800-8900 yuan / ton. Some traders said that the current market consumption of stainless steel manufactured products is not good, thus reducing the production of waste, the reduction of waste sources of waste stainless steel prices have formed a certain support.
According to the SMM survey, total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 747 tons, or 1.1 per cent, from last week to 69000 tons. The specific changes are as follows: stocks in East China increased by 1600 tons to 33500 tons compared with last week, while stocks in the Shanghai Free Trade Zone (including Shanghai Tianwei, Capital Management Hall, facing Port, Jiekai and Henry Bath) refined nickel stocks decreased by 900 tons to 15000 tons compared with last week.