Today's nickel market (7.25) stainless steel pragmatic shipment looking forward to the demand for nickel price to continue to explore

[July 25 SMM nickel product price]

Electrolytic nickel

Spot: today, Russia nickel than Shanghai nickel 1908 discount 300-paste 200 yuan / ton, Jinchuan nickel than Shanghai nickel 1908 contract generally reported a rise of 1500 to 1700 yuan / ton, basically the same as yesterday. However, in the past two days, the transaction of discount 350-discount 300 is relatively active. Early trading hours, nickel prices opened low, to 112500 after consolidation, today's spot continued to ship a small number of goods, more for traders to replenish each other, downstream cautious procurement. Nickel prices continued to fall after the second trading period continued to fluctuate, but the stimulus to the market was limited, and the transaction enthusiasm continued in the early trading period. The ex-factory price of Jinchuan Company was quoted at 114000, 1700 yuan / ton higher than yesterday, and the mainstream transaction was 112200 to 114200 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 114000 yuan / ton, barreled small pieces 115200 yuan / ton, up 1700 yuan / ton from yesterday.

Chromium ore

On July 24, the overall price of chromium mine spot market remained stable, and the mainstream price in the north returned to 6200 yuan / 50 base tons. Affected by the upward trend of chromium mine market prices, chromium miners have boosted their confidence in future prices, and their quotations are relatively strong; a new round of bidding for steel mills is about to begin, and the market is becoming increasingly wait-and-see. Downstream procurement operations are more cautious. At present, the situation of all parties is relatively deadlocked, and the follow-up market needs to pay further attention to the transaction situation. The futures market is stable as a whole, and the outer market price of chromium mine in South Africa has increased slightly. Affected by the domestic spot market, foreign mainstream chromium mine suppliers have full confidence in the future price.

Stainless steel

[Castle Peak New opening Price] SMM News: July 25, Castle Peak 304 narrow band opening price: 14300 yuan / ton, wide opening price: 14500 yuan / ton, all down 500 yuan / ton from the previous opening price.

SMM News: July 25, Fujian Yongjin 304 2B spot base price of 14900 yuan / ton, August futures price of 14900 yuan / ton, average ring fell 500yuan / ton, the proportion of thick plate 20%, the offer quantity is pending approval.

Ningbo Baoxin stainless steel ex-factory price in August 2019 Ningbo Baoxin August 2019 ex-factory price (including tax price) notice: 304cold rolling 16000 yuan / ton, up 1200 yuan / ton from July, 430cold rolling 9700 yuan / ton, month on July price flat.

[SMM stainless steel plant guide price] Wuxi stainless steel plant guide price hot rolled down 50 yuan / ton https://news.smm.cn/news/100954077

Inventory

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 6192 tons, or 8.68 per cent, from last week to 77500 tons. The specific changes are as follows: stocks in East China increased by 800 tons to 32300 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 increased by 4000 tons to 18000 tons over the same period.