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[SMM Review] the "ferocious rise" of nickel prices followed the rise
Jul 17,2019 19:24CST
The content below was translated by Tencent automatically for reference.

SMM7, 17th, news:

Recent nickel prices rose strongly, the inside and outside continued to pull up. External nickel has closed for 10 consecutive days, as of 18 today, nickel is still closed at the small positive line, is expected to rise 11 days. Nickel rose 16 per cent from $12000 a tonne to $14000 a tonne.

At the same time, the internal Shanghai nickel is not to be outdone, Shanghai nickel main company today broke through the 110000 yuan / ton mark, 6 Lianyang, an increase of nearly 11 per cent.

Nickel prices rose rapidly, followed by 300 series stainless steel. Recently, the price of 304 cold-rolled stainless steel has been raised frequently, up 400 yuan per ton from last week. Today, the prices of private 304 four-foot cold rolled coils in Wuxi are 14550 to 14650 yuan per ton, and 304 four feet hot rolled coils are quoted at 14000 to 14100 yuan per ton.

Although the price of stainless steel rose step by step due to nickel prices, but some agents said that the downstream transaction situation is general, demand is stable, some traders hold a wait-and-see attitude, frequent inquiries, but fewer orders. In the short term, the trading of 300 series stainless steel may be improved. Compared with 300 series, the price of 200 series and 400 series stainless steel is stable, and the transaction situation is stable.


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