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

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

iconJul 16, 2019 14:43
Source:SMM

[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!

Nickel
electrolytic nickel
nickel price
steel

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news