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Today's nickel market (7.29) high nickel price volatility guard against capital trends sea freight continuous increase in the price of supporting nickel ore
Jul 29,2019 14:14CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

[price of SMM nickel products on 29 July]

[July 29 SMM nickel market trends]

Electrolytic nickel

Spot: SMM July 29 news: today, Russia nickel than Shanghai nickel 1908 discount 200-paste 150 yuan / ton or so, but the actual transaction to discount 250 yuan / ton more active, narrowed slightly than last Friday. Jinchuan nickel generally reported a water rise of 1800 yuan per ton compared with the Shanghai nickel 1908 contract, slightly narrower than last week. In early trading, nickel prices rose and fell back, in the process of falling, 110700, 110500, 110300 have a small amount of transactions, Russian nickel and Jinchuan nickel have. The holder's willingness to push up the discount is strong, mainly due to the low inflow of goods in the later period. Jinchuan company maintenance stage, the supply is tight. The second trading period, nickel prices around 109000 yuan / ton consolidation, spot transactions slightly improved than in the morning, but the overall pace of taking goods is still cautious, downstream on-demand procurement, traders are also willing to paste 300yuan / ton replenishment, but the low price goods are uncomfortable. Jinchuan ex-factory price of 111500 yuan / ton, down 1000 yuan / ton from Friday, the mainstream transaction at 109700 to 111800 yuan / ton.

[Jinchuan company ex-factory price] SMM July 29: today Jinchuan company electrolytic nickel (big plate) Shanghai quotation 111500 yuan / ton, barreled small pieces 112700 yuan / ton, down 1000 yuan / ton from Friday.

Nickel ore, nickel iron

SMM July 29: according to SMM research, the inquiry price of high nickel iron in a steel mill in the south this week is 1040 to 1060 yuan / nickel point, including tax, which is 10 yuan / nickel point lower than the transaction price last week.

SMM7, March 26-as of Friday, nickel mine stocks in all ports across the country fell to 13.41 million wet tons, down 100000 wet tons from last week, equivalent to 112000 tons of metal, down 900 tons from last week.

SMM July 26: according to SMM research, sea freight has been up since the beginning of July. As of July 26, the sea freight from pomalaa to Lianyungang is about US $12.5 / wet ton, up about US $2.50 / wet ton compared with the beginning of last week.

Chromium ore, ferrochromium

SMM July 26: this week's port chromium mine stocks increased slightly by 30, 000 tons, totaling 2.8 million tons, including 1.92 million tons in Tianjin Port, 450000 tons in Qinzhou Port and 200000 tons in Lianyungang.

SMM July 26: August 2019 Qingshan high chromium purchase price 6296 yuan / 50 base, the same as last month, including tax to factory price, delivery deadline September 10, Tianjin Port price reduced 140 yuan / ton, the right amount of procurement.

Nickel sulfate

SMM July 26: according to SMM research, the price of battery-grade nickel sulfate remains high this week, with some factories quoting 260 million yuan / ton, but the downstream price is not high. The mainstream transaction is 24000-245 million yuan / ton, which is stable compared with last week.

Stainless steel

[SMM stainless steel plant guide price] on July 29, the guidance price of Wuxi stainless steel plant fell 200 yuan to 250 yuan / ton https://news.smm.cn/news/100954489.

[Wuxi stainless steel price down 100 200 yuan / ton] SMM July 26: Wuxi stainless steel 304/NO.1 price down 200 yuan / ton compared with yesterday, quoted 14100 14300 yuan / ton, 304 2B price down 100 200 yuan / ton, 14900 15000 yuan / ton. Some traders said that the recent stainless steel plant continuous reduction in the guiding price, coupled with the current downstream demand is not good, the transaction is light, the market quotation generally has a downward trend.

Inventory

Total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 1846 tons, or 2.4 per cent, from last week to 79400 tons, according to a SMM survey. The specific changes are as follows: stocks in East China increased by 900 tons to 33200 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 1000 tons to 19000 tons over the same period.

 

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