Tension in the ban on mining in nickel market (8.12) fell back today, closing the high nickel price in profit market.

[August 12 SMM nickel product price]

[August 12 SMM nickel market trends]

Electrolytic nickel

Spot: August 12, Russia nickel than Shanghai nickel 1909 discount of about 300 yuan / ton, early trading hours, Jinchuan nickel than Shanghai nickel 1909 contract generally reported 800 to 1200 yuan / ton. Some of them hold Jinchuan old goods traders reported rising water 500 yuan / ton, the normal Jinchuan source reported rising water more than 1000 yuan / ton. After the rally this morning, it fell back, fluctuating in a narrow range around 126000, and then plummeted to around 122500. Spot transactions are flat, basically in a priceless state. In the second trading session, Shanghai nickel continued to fall after a brief consolidation, to around 118900 after temporary stability, trading improved slightly earlier, but the overall is still not optimistic. Today, the market fell sharply, Russian nickel sticker to maintain stability, Jinchuan nickel higher, the basic report rising water around 1500 yuan / ton. Jinchuan Shanghai quoted price of 122000 yuan / ton, down 5000 yuan / ton from Friday, the mainstream transaction at 1197-122000 yuan / ton.

[Jinchuan company ex-factory price] SMM August 12: Jinchuan company electrolytic nickel (big plate) Shanghai quotation 122200 yuan / ton, down 5000 yuan / ton compared with Friday.

Nickel ore

SMM8, September 9-as of Friday, nickel mine stocks in all ports across the country increased to 13.79 million wet tons, an increase of 300000 wet tons over the previous week, or 116000 tons of metal, an increase of 2700 tons over the previous week. Among them, the nickel mine stock of the seven major ports in China was 11.29 million wet tons, an increase of 210000 wet tons over the previous week.

Nickel pig iron

SMM August 9: according to SMM research, at the beginning of this week, the inquiry price of high nickel iron in a steel mill in the south was 1060 yuan / nickel point, and the actual transaction price was 1060-1080 yuan / nickel point. After the nickel price rose sharply on Thursday, the actual transaction price was 1080 yuan / nickel point.

Stainless steel

[guide price of SMM stainless steel plant] Aug. 12 Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price 304cold hot rolling down 200RMB 300RMB / t https://news.smm.cn/news/100960804

SMM8 month 9 news: this week 304 prices again supported by nickel prices, cold and hot rolling prices rose for many days in a row, the transaction situation on Thursday afternoon light, Friday morning quotation remained stable, but in the afternoon there are still some businesses slightly down 50 100 yuan / ton to facilitate the transaction, agents and traders are generally optimistic about the demand situation from August to September. The price of 400 series has increased every month, although the market demand is stable, but because the profit of 300 series is better than 400 series, the conversion of stainless steel plants in Northwest and South China is from 400 series to 300 series, and the shipment of steel mills is reduced. coupled with the recent rise in the price of high-carbon ferrochromium at the raw material end, it has helped to stabilize and strengthen the price of the 400 series.

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