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Today's nickel market (7.18) Today, Russia nickel than Shanghai nickel 08 discount 300 to 350 yuan / ton
Jul 18,2019 15:25CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

[July 18 SMM nickel product price]

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[July 18 SMM nickel market trends]

Electrolytic nickel

Spot: July 18, Russia nickel than Shanghai nickel 1908 discount 350-paste 300 yuan / ton, more stable than yesterday. The recent nickel price crazy pull up, the first half of the week after the downstream take goods, today's transaction tends to be flat, spot trading in general. Although the spot transaction is cold, but the holder because recently does not have the massive source of goods to flow into the domestic, basically by the straight rise discount water primarily. Jinchuan nickel than Shanghai nickel 1908 contract generally reported a water rise of 1200 to 1300 yuan / ton, an increase from yesterday. Jinchuan nickel also due to a sharp rise in nickel prices, downstream procurement decreased, but recently due to the rise of reasonable, traders into the market consignee in the majority, resulting in a small increase in water. The ex-factory price of Jinchuan Company was 116000, 5500 yuan / ton higher than yesterday, and the mainstream transaction was 114500-116200 yuan / ton.

[Jinchuan company ex-factory price] July 18, Jinchuan company electrolytic nickel (big plate) Shanghai quotation 116000 yuan / ton, barreled small pieces 117200 yuan / ton, up 5500 yuan / ton from yesterday.

Nickel pig iron, nickel ore

[a factory in the north has issued iron today] SMM July 17-according to SMM research, a 33000KVA hot furnace in a factory in the north has been slag yesterday and iron this afternoon. The output of 33000KVA ore furnace can reach 5000 physical tons in normal production. The time for the resumption of production of another furnace in the factory has not yet been determined.

[this week nickel mine sea freight increased continuously] SMM July 17-according to SMM research, this week sea freight increased continuously, Indonesia pomalaa region to Lianyungang sea freight is 11.50 US dollars / wet tons, compared with last week increased 1.20 US dollars / wet tons.

SMM July 17: according to SMM research, the transaction price of medium and high nickel mine CIF rose this week, and the transaction price of Ni1.8% high grade nickel mine was 49 US $50.5 / wet ton, up about US $0.50 / wet ton compared with last week. On the one hand, due to the continuous increase in the sea freight of nickel ore, on the other hand, the recent sharp rise in nickel prices has also led to the transaction activity of the nickel mine market. Downstream nickel pig iron plants are generally bullish on the future market, increasing the purchase of raw materials.

Stainless steel, waste stainless steel

[guide price of SMM stainless steel plant] on July 18, the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. was generally 200 yuan / ton https://news.smm.cn/news/100951316 higher than that of yesterday.

[SMM stainless steel plant guide price] July 18 Wuxi stainless steel plant guide price cold and hot rolling up 150 yuan / ton https://news.smm.cn/news/100951386

[guide price of SMM stainless steel plant] on July 17, the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. was generally 200 yuan / ton https://news.smm.cn/news/100950866 higher than that of yesterday.

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.

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