[September 11 SMM Nickel Market Trends]
Electrolytic nickel
Spot: SMM September 11: today Russia nickel than Shanghai nickel 1910 discount to about 100 yuan to Pingshui, Jinchuan nickel Shanghai nickel 1910 contract generally reported 200-300 yuan / ton. Russian-nickel discount to maintain the original level, the closure of the import window so that the holder has no intention of loosening the discount for the time being, the transaction is still dominated by rigid demand procurement; Jinchuan Shengshui is also flat. This morning, the disk concussion is weak, near noon close when the disk again sharply down, spot transaction atmosphere does not look obvious change, downstream basic rigid demand to take goods, trading volume is not large. Jinchuan Company Shanghai ex-factory price of 143000 yuan / ton, the same as yesterday, the mainstream transaction at 143000 to 143300 yuan / ton.
[Jinchuan company ex-factory price] SMM September 11-Jinchuan company electrolytic nickel (big plate) Shanghai quotation 143000 yuan / ton, barreled small pieces 144200 yuan / ton, the same as yesterday.
Stainless steel, waste stainless steel
[Wuxi stainless Steel early Review] SMM September 11, the price of stainless steel 201 cold rolled edge coil in Wuxi market was flat at 8150 yuan / ton, the price was the same as yesterday's price; the price of state 304 / 2B trimmed coil was raised by 50 to 15950 yuan / ton; the price of private 304 / 2B rough edge coil was flat at 15600 yuan / ton; 304 / NO. 1 five foot coil price was 50 to 14750 yuan / ton higher than yesterday; the price of 430cold rolled trimmed coil was quoted at 8100 yuan / ton, which was more flat than the previous day. Due to the repeated concussion of nickel, the market before the holiday trading atmosphere is not high.
[Foshan stainless Steel Morning Review] on September 11, SMM, the price of stainless steel 201cold rolled edge coil in Foshan market was flat at 7900 yuan / ton, while the price of state-owned 304 / 2B trimmed coil rose 100 yuan to 15900 yuan / ton; the price of private 304 / NO. 15-foot coil increased by 15200 yuan / ton; the price of 304 / NO. 15 feet coil rose 200 yuan to 15000 yuan / ton today; the price of cold rolled trimmed coil was quoted at 8050 yuan / ton, which was more flat than the previous day. This morning Foshan 300 series with the rising trend of nickel prices, the market price rose slightly highlighted.
Inventory
SMM, Sept. 6: according to SMM research, the total amount of nickel stocks in Shanghai (including warehouse receipt stocks in the previous period) decreased by 1939 tons to 80400 tons, or 2.4 percent, compared with last week. Domestic stocks fell 4039 tons to 519.23 million tons from last week, including about 10600 tons of nickel beans and about 41300 tons of nickel plates. Over the same period, refined nickel stocks in the Shanghai Free Trade Zone were about 28500 tons, an increase of 2100 tons over the previous week, including 7700 tons of nickel beans, an increase of 1000 tons over the previous week.
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