Today's nickel market (7.16) Russia nickel than Shanghai nickel 08 discount about 500 yuan / ton

Published: Jul 16, 2019 14:43

[July 16 SMM nickel product price]

[July 16 SMM nickel market trends]

Electrolytic nickel

Spot: July 16, Russia nickel than Shanghai nickel 1908 discount about 500yuan / ton, more stable than yesterday. Although the spot market trading is light in the near future, but the Russian nickel paste has not gradually expanded, mainly because of the serious import loss, there has not been a large number of sources of goods flowing into China in the near future, and the holders believe that even if the rising water is reduced, the stimulation for the transaction is limited. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1000 yuan / ton, slightly narrower than yesterday. Prices continue to rise today, the spot market transactions are cold, only a few downstream, because of the future bullish, into the market procurement, but the overall wait-and-see. The ex-factory price of Jinchuan Company was quoted at 107500 yuan, an increase of 500 yuan per ton from yesterday, and the mainstream transaction was 106 500 yuan to 108 000 yuan per ton.

[Jinchuan company ex-factory price] July 16, Jinchuan company electrolytic nickel (big plate) Shanghai quotation 107500 yuan / ton, barreled small pieces 108700 yuan / ton, up from yesterday.

Nickel pig iron, nickel ore

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, which included tax. This is the first time that the steel mill has made an inquiry purchase since it was suspended in early April.

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.

Stainless steel, waste stainless steel

[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.

[SMM stainless steel plant guide price] July 16 Wuxi stainless steel plant guide price hot rolled up 50 yuan / ton cold rolling flat https://news.smm.cn/news/100950206

[Qingshan Hongwang August 201J1 cold rolling sales guide price] July 16 Qingshan Hongwang August 201J1 four-foot cold rolling sales guidance price of 8050 yuan / ton, 201J2 four-foot cold rolling guidance price of 7750 yuan / ton, the offer volume is pending approval, 50 yuan / ton higher than the July futures price.

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 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.

 

[welfare] free to receive the "SMM exclusive industry chain package", the hand action is slow ~! Scan into the group!

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.

For any inquiries or for more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn
Related News
Data: SHFE, DCE market movement (Sep 17)
10 hours ago
Data: SHFE, DCE market movement (Sep 17)
Read More
Data: SHFE, DCE market movement (Sep 17)
Data: SHFE, DCE market movement (Sep 17)
The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 17 Sep , 2026
10 hours ago
SMM #1 Refined Nickel Price Up 2,200 Yuan/mt to 125,400 Yuan/mt on September 17
13 hours ago
SMM #1 Refined Nickel Price Up 2,200 Yuan/mt to 125,400 Yuan/mt on September 17
Read More
SMM #1 Refined Nickel Price Up 2,200 Yuan/mt to 125,400 Yuan/mt on September 17
SMM #1 Refined Nickel Price Up 2,200 Yuan/mt to 125,400 Yuan/mt on September 17
On September 17, the average price of SMM #1 refined nickel was 125,400 yuan/mt, up 2,200 yuan/mt from the previous trading day. In terms of spot premiums, the average premium for Jinchuan #1 refined nickel was 4,250 yuan/mt, up 400 yuan/mt from the previous trading day, while mainstream domestic brands of electrodeposited nickel ranged from 0 to 500 yuan/mt.
13 hours ago
[SMM Nickel Flash News] Indonesia Update — September 17, 2026
14 hours ago
[SMM Nickel Flash News] Indonesia Update — September 17, 2026
Read More
[SMM Nickel Flash News] Indonesia Update — September 17, 2026
[SMM Nickel Flash News] Indonesia Update — September 17, 2026
Indonesian nickel ore CIF average prices edged down across the main grades: · 1.2% Ni: CIF average price at $27/wmt, unchanged · 1.4% Ni: CIF average price at $51.8/wmt, down $0.6/wmt · 1.5% Ni: CIF average price at $58.5/wmt, down $0.3/wmt · 1.6% Ni: CIF average price at $63.4/wmt, down $0.5/wmt The Indonesian nickel ore market remains in a wait-and-see period, with the market monitoring further RKAB approvals and potential quota adjustments. Meanwhile, Indonesia's Ministry of Energy and Mineral Resources (ESDM) has revised the nickel ore HPM formula under Kepmen ESDM No. 363.K/MB.01/MEM.B/2026, effective September 15. The revision mainly lowers the corrective factor for low-grade nickel ore, significantly reducing the HPM benchmark for low-grade limonite and bringing it closer to prevailing market prices. The revised formula puts the HPM for 1.2% Ni ore at around $24.89/wmt, down about 45% from the previous level. The government said the revision aims to make nickel ore feedstock more economical for smelters, while its impact will continue to be evaluated.
14 hours ago