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Today's nickel market (10.9) domestic nickel spot trading cold high nickel pig iron prices continue to be strong
Oct 9,2019 15:28CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

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[SMM Nickel Market Trends]

Electrolytic nickel

Spot: [spot transaction is not as good as yesterday, the market continues to be cold] October 9 Russian nickel than Shanghai nickel 1911 reported flat water to 1911 yuan / ton, Jinchuan nickel compared with Shanghai nickel 1911 contract generally rose 200-300 yuan / ton, rising discount water slightly higher than yesterday, Russian nickel trading concentrated in flat water, Jinchuan Shengshui 200 yuan / ton has a small number of transactions. At the beginning of the session, nickel prices rose all the way to 137000 near the shock, spot trading is weak, the market is mostly on the sidelines. Subsequently, nickel prices fell slightly to 136800 yuan / ton, some traders entered the market to replenish the warehouse, concentrated in the vicinity of 13.68-136900 trading is slightly concentrated, the downstream market buyers are on the low side. Jinchuan nickel holders are generally more, although the downstream demand is weak, rising water fell near the cost line of most traders, the possibility of continued decline is small. The ex-factory price of Jinchuan Company is 137200 yuan / ton, which is 700 yuan / ton higher than that of yesterday, and the mainstream transaction is 136800-137200 yuan / ton.

[ex-factory price of Jinchuan Company] on October 9, Jinchuan Company quoted 137200 yuan / ton for electrolytic nickel (big board) in Shanghai and 138400 yuan / ton for barreled pieces, 700 yuan / ton higher than yesterday.

Nickel pig iron

SMM, Oct. 9 / PRNewswire-FirstCall-Asianet /-after the festival, the focus of negotiations on high-nickel pig iron continues to be strong. Most manufacturers according to the previous price delivery of goods, the price is fully in 1200 yuan / nickel point above, the latest negotiated price is generally 1250 yuan / nickel point (ex-factory) above, and it is rumored that some of the high price source of goods in the market transaction in 1280 yuan / nickel point (arrival price). Nickel and iron manufacturers do not intend to ship at a low price. Although stainless steel plants are unwilling to accept excessive prices, the acceptance intention of some rigid demand does continue to rise compared with that before the festival.

Stainless steel, scrap stainless steel

[Fujian Hongwang newly opened October stainless Steel Price] SMM October 9: Fujian Hongwang newly opened October price: 201J1 four feet sales guidance price is 7900 yuan / ton, J2 four feet sales guidance price is 7400 yuan / ton, J2 up 50 yuan / ton; 3042B four feet 15700 yuan / ton, up 200 yuan / ton.

[Foshan market Taigang cold rolling quotation is the same as yesterday] SMM October 9: Foshan market Taigang cold rolling quotation (including tax trimming base price) 304 2B volume price 16200 yuan / ton, 316L 23850 yuan / ton, 430 8050 yuan / ton, the prices are the same as yesterday's quotation.

SMM morning review of stainless steel in Wuxi area: this morning, the price of private cold rolled stainless steel in Wuxi area was generally flat, and some businesses adjusted the price of hot rolling: the state-owned 3042B cutting edge roll price was 16100-16300 yuan / ton, and the private 3042B rough edge roll price was 1590016000 yuan / ton. 304 / NO. 1 five feet at 15050-15150 yuan / ton. Morning quotation is generally flat yesterday, some businesses small trial up 50 yuan / ton, two days after the transaction is OK, some businesses respond to replenish the demand, whether it can be sustained. For 10:30 SHFE ss2002 contract selling price 15675 yuan / ton, Wuxi stainless steel spot water 95-195 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

[Fujian Yongjin Xinkai 304 Cold rolled stainless Steel Futures guidance Price] SMM Oct. 9: Fujian Yongjin Xinkai 304 cold rolling futures sales guidance price of 15600 yuan / ton (rough edge base price) to be quoted for approval. Compared with the last price increase of 200 yuan / ton, East China for November to receive unit prices, South China for October to receive unit prices.

[Foshan stainless Steel spot Morning Review] SMM October 9, the morning Foshan stainless steel market state-owned 304 2B trimming roll price is flat compared with yesterday's market price at 16150 yuan / ton; private 304 2B rough edge roll price is stable at 15700 yuan / ton; today 304 / NO. 1 five-foot roll price is higher than yesterday's average price at 15200 yuan / ton; 430 cold rolling and trimming volume price today broke the stable price state to increase by 100 yuan / ton to 8150 yuan / ton. In the morning market 300 series cold rolling prices are flat, the market hot rolling and pulling atmosphere is strong, some traders said that after the festival hot rolling inquiry increased, transactions show busy, so with the market price adjustment. For 10:30 SHFE ss2002 contract selling price 15675 yuan / ton, Foshan stainless steel spot discount 55-litre water 45 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

[Castle Peak Agent 304stainless Steel spot Price] SMM Oct. 9: Aoyama Agent unified quotation 304hot rolled narrow strip spot price: 304hot rolled narrow strip including tax 14600 yuan / ton, limited to three days. Individual agent futures quotation: 304hot rolled narrow strip including tax 14700 yuan / ton. Part of the Castle Peak agent opened 30410 futures orders, 304ft, 5ft I board 15300 yuan / ton.

[Shandong Hongwang newly opened October stainless Steel Price] SMM October 9: Shandong Hongwang newly opened October price: 201J1 four feet sales guidance price is 7900 yuan / ton, 201J2 four feet sales guidance price 7400 yuan / ton; 304 2B four feet quoted 15700 yuan / ton. 201 flat plate, 304 cold rolling ring ratio increased by 100 yuan / ton.

Inventory

On Sept. 27, according to SMM, the total amount of nickel stocks in Shanghai, including inventory of previous warehouse receipts, was down 5649 tons to 77400 tons, or 6.8 percent, from last week. The specific changes are as follows: domestic stocks decreased by 1000 tons to 52000 tons from last week, including 10800 tons of nickel beans and 41200 tons of nickel plates. Over the same period, Shanghai Free Trade Zone (including Shanghai Shitianwei, Lizitang, Lingang, Jiekai, Henry Bath) refined nickel stocks about 25400 tons, down 4650 tons from last week, of which 6300 tons of nickel beans, 1500 tons less than last week.

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