Home / Metal News / Nickel / Today, the influx of money into the nickel market (7.15) raised the price of nickel on the plate, although NPI has followed the rise, but it is still clear that pure nickel will be dispensed with water.
Today, the influx of money into the nickel market (7.15) raised the price of nickel on the plate, although NPI has followed the rise, but it is still clear that pure nickel will be dispensed with water.
Jul 15,2019 15:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[July 15 SMM nickel product price]

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[July 15 SMM nickel market trends]

Electrolytic nickel

Spot: Russian nickel than Shanghai nickel 1908 discount about 500yuan / ton, compared with last Friday slightly expanded. Jinchuan nickel than Shanghai nickel 1908 contract generally quoted water 1000 to 1100 yuan / ton, a higher price is basically non-market. In the early trading period, the price fluctuated around 106000 yuan / ton, and the response of the spot market was mediocre, mainly by traders, only individual traders entered the market for inquiry, and the downstream was basically on the sidelines. The sharp rise in nickel prices led to the continued weakening of downstream demand and the active search for other alternative raw materials. Jinchuan nickel water continued to narrow compared with last week, the market is also no feedback. In the second trading period, the price rose slightly, the trading situation did not improve, the premium remained stable, and the demand was light. The ex-factory price of Jinchuan Company was quoted at 107000, an increase of 3000 yuan per ton from Friday to 105, 300 to 107, 100 yuan per ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 107000 yuan / ton, barreled small pieces 108200 yuan / ton, up 3000 yuan / ton from Friday.

Nickel pig iron, nickel ore

SMM July 15: according to SMM research, the inquiry price of high nickel iron in a steel mill in the south this week is 970 to 980 yuan / nickel point, including tax, which is the same as the mainstream transaction price last week. However, due to the current nickel price rose sharply, the price has not been concluded, if there is a deal or will be higher than this price.

SMM July 15: according to SMM research, the purchase price of high nickel iron in a steel mill in East China on Friday was 1010 yuan / nickel point, including tax. This is the first time that the steel mill has made an inquiry purchase since it was suspended in early April.

SMM July 12: according to SMM research, the transaction price of high nickel iron in a steel mill in East China this week is 970-980 yuan / nickel point, which is higher than that of 965-970 yuan / nickel point last week.

SMM July 12: according to SMM research, some special steel plants in East China can purchase high nickel iron up to 990 yuan / nickel point, including tax, but because of its small purchase volume and certain requirements for nickel iron quality, the price is often higher than the purchase price of some stainless steel plants.

[Indonesian nickel miner PT. Bososi Pratama is applying for export quota of nickel mine] according to SMM research, Indonesian nickel mining company PT. Bososi Pratama is currently applying for an export quota of 1.8 million wet tons of nickel, which is expected to be approved in August.

SMM, July 12 (Xinhua) as of Friday, nickel mine stocks in all ports across the country increased to 13.19 million wet tons, an increase of 430000 wet tons over the previous week, equivalent to 111000 tons of metal, an increase of 3700 tons over the previous week.

Nickel sulfate

[this week's precursor plant uses nickel beans to produce nickel sulfate losses] according to the SMM cost model, the profit margin for the production of crystal nickel sulfate from MHP (nickel cobalt hydroxide) was 2% on July 11, while the profit margin for precursor enterprises using nickel beans to produce liquid nickel sulfate was-5.7%.

Ferrochromium

[China imported 254000 tons of high-carbon ferrochromium in June] China imported 254000 tons of high-carbon ferrochromium in June, down 68000 tons from the previous month, or 21.12 percent less than the previous month, according to customs data. Of these, 89100 tons were from South Africa, 52300 tons from Mozambique, 26500 tons from India and 10600 tons from Kazakhstan.

Stainless steel, waste stainless steel

[guide price of SMM stainless steel plant] on July 15, the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. was 100 to 200 yuan / ton https://news.smm.cn/news/100949705 higher than last Friday.

[SMM stainless steel plant guide price] on July 15, the guidance price of Wuxi stainless steel plant rose 150 yuan to 250 yuan / ton https://news.smm.cn/news/100949681.

[Foshan Chengde New material maintenance 10 days] SMM July 12: according to the news of the steel mill, Foshan Chengde new material will be overhauled for 10 days from July 12 to July 22, and the company is expected to reduce the production of 200 series cold rolling by 20,000 tons.

Inventory

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 2308 tons, or 3.3 per cent, from last week to 71300 tons. The specific changes are as follows: stocks in East China decreased by 2000 tons to 31500 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 1000 tons to 14000 tons compared with last week.

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electrolytic nickel
nickel price
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