Today's nickel market (8.22) nickel price high shock spot buy Xingliang light high nickel pig iron and steel recruitment price increase

[price of SMM nickel products on 22 August]

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[August 22 SMM nickel market trends]

Electrolytic nickel

Spot: August 22, Russia nickel than Shanghai nickel 1910 discount 300 to discount 200 yuan / ton, Jinchuan nickel than Shanghai nickel 1910 contract generally reported 800 to 900 yuan / ton, basically more stable than yesterday. In early trading, Shanghai nickel weak shock, 123700 yuan near the shock fell to 123400 narrow range shock, spot trading response is flat, following yesterday's slight improvement in the warehouse, today to buy a few light, as active as yesterday. Nickel prices as a whole are still high and volatile, with less release of demand. In the second trading session, as the price continued to probe, as of the close of 122200 in the morning, the Russian-nickel discount basically reached 250 yuan / ton, Jinchuan Shengshui slightly increased by about 122200 yuan, fell to around 122500, a small amount of demand was released, and the transaction improved slightly earlier. Jinchuan Company Shanghai ex-factory price of 123800 yuan / ton, down 300 yuan / ton from yesterday, the mainstream transaction at 122300 to 123700 yuan / ton.

[Jinchuan company ex-factory price] Jinchuan company electrolytic nickel (big plate) Shanghai quotation 123800 yuan / ton, barreled small pieces 125000 yuan / ton, down 300 yuan / ton compared with the previous day.

Nickel pig iron

[southern a steel mill this week high nickel iron price] SMM August 22: according to SMM research, early this week, a southern steel mill high nickel iron inquiry price of 1130 yuan / nickel point, to the plant including tax, compared with the week before last transaction price increased by 30 yuan / nickel point, a small amount of transaction.

Stainless steel

[Qingshan Xinkai 304 stainless steel hot rolled narrow strip price] SMM August 22: today, Qingshan Xinkai 304 stainless steel narrow strip hot rolled 13800 yuan / ton, down 200yuan / ton. Spot sales-based, sales details submitted in time for approval.

SMM August 21: the guiding price of cold and hot rolling in stainless steel plant was generally flat this morning, and the base price of Hongwang 304 / 2B rough edge was reduced by 100 yuan / ton. According to SMM research, the price of stainless steel in Wuxi market today is generally reduced by 50 yuan / ton, the price of state-owned 304 / 2B edge cutting coil is 15350 / 15550 yuan / ton, the price of private 304 / 2B rough edge roll is 15100 / 15200 yuan / ton, 304 / NO. 15 feet is 14400 / 14500 yuan / ton. The price of stainless steel is stable and weak today, and the transaction has not improved.

[Qingshan 200series hot rolled narrowband new opening price] SMM August 21-Qingshan Steel Plant today 200series hot rolled narrowband September futures sales guidance price: J1 narrowband price 7700 yuan / ton, j2 narrowband price 7150 yuan / ton, j2 plate price 7250 yuan / ton, J3 narrowband price 7500 yuan / ton, J4 narrowband price 8200 yuan / ton, of which J2 hot rolled narrowband fell 100 yuan / ton, offer quantity to be approved, the rest of the specifications are flat.

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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