[August 20 SMM nickel product price]
Spot: 20 August Russia nickel than Shanghai nickel 1909 discount about 250 yuan / ton, Jinchuan nickel than Shanghai nickel 1909 contract generally reported 900 to 1000 yuan / ton. In early trading, Shanghai nickel fell to around 124200 and recovered to around 124700. Russian nickel discount narrowed steadily, with few transactions, and more downstream steel mills continued to wait and see. The closing of the import window made it difficult for traders to replenish goods and was unable to expand discount shipments. Jinchuan rising water is also stable and small and medium-sized higher, the transaction is also weak. Nickel prices high shock under the overall buying gas to maintain the previous wait-and-see state, little demand release. The Shanghai ex-factory price of Jinchuan Company is 125000 yuan / ton, 1600 yuan / ton lower than yesterday, and the mainstream transaction is 124300 yuan / ton.
[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 125000 yuan / ton, barreled small pieces 126200 yuan / ton, down 1600 yuan / ton compared with the previous day.
Ferrochromium
On August 19, affected by the substation maintenance in Fengzhen area of Inner Mongolia today, some manufacturers in the north have the idea of continuing to raise the quotation of high-carbon ferrochromium, but the impact of this power limit is limited, the degree of shutdown of different local factories is different, and the specific output of ferrochromium will continue to pay attention to SMM. At the same time, the relevant alloy industry said that the impact of next month's output is limited, only periodic power outages, and will not greatly affect the regional supply capacity. The price of ferrochromium in Hong Kong today remained stable compared with last week, with spot quotations for 40-42% chromium concentrate mines in mainstream South Africa at 29.5-30 yuan / tonnage and futures prices at US $150-160 per tonnage.
Stainless steel
[guide Price of SMM stainless Steel Factory] on August 20, the guiding price of some stainless steel plants in Wuxi area was slightly reduced by https://news.smm.cn/news/100963968.
[SMM stainless Steel Plant Guide Price] on August 20, Wuxi Taiyuan Iron and Steel Co., Ltd. spot daily guidance price is 100 yuan 300 yuan / ton https://news.smm.cn/news/100963965 lower than yesterday.
Inventory
According to SMM research, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 215 tons, or 0.3 per cent, from last week to 81900 tons. The specific changes are as follows: stocks in East China increased by 100 tons to 31100 tons compared with last week, while stocks in the Shanghai Free Trade Zone (including Shanghai Tianwei, Capital Management Hall, Lingang, Jiekai and Henry Bath) refined nickel stocks were 21800 tons over the same period, unchanged from the previous week.
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