[25 October SMM Nickel Product Price]
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[25 October SMM Nickel Market Trends]
Spot: [Jinchuan Company actively shipped Jinchuan Nickel discount transaction] Today, Russia Nickel compared with Shanghai Nickel 1911 discount to 150 yuan / ton, Jinchuan nickel than Shanghai Nickel 1911 contract generally reported 150 yuan / ton to Pingshui. Russian nickel Jinchuan rising water continues to decline, mainly due to the continuation of the previous phenomenon, Shanghai nickel and Wuxi nickel price difference is large, stimulate steel mills to purchase nickel beans in Wuxi plate, nickel plate demand is restrained, Shanghai spot market is weak. Second, nickel prices rebounded in the second half of the week after a high shock, curbing spot trading. And Jinchuan company recently high active shipment, some traders can discount Jinchuan, but because downstream demand has been depressed, Jinchuan nickel discount transaction phenomenon. The ex-factory price of Jinchuan Company is 136200 yuan / ton, 1700 yuan / ton higher than yesterday.
[ex-factory price of Jinchuan Company] Today, Jinchuan Company Electrolytic Nickel (Big Board) Shanghai quoted 136200 yuan / ton, barreled small pieces 137400 yuan / ton, 1700 yuan / ton higher than yesterday.
Nickel pig iron
SMM, Oct. 25 / PRNewswire-FirstCall-Asianet /-- SMM 1.8% Philippine laterite nickel mine prices were $72-73 / wet ton, down $2.50 / wet ton from Friday. This week, the price of high nickel mine continues to weaken, nickel ore traders offer signs of softening, Ni1.8% high-grade nickel ore quotation and last week's 75-77 US dollars / wet ton, due to the difficult transaction has basically dropped to 73 US dollars / wet ton, there is still a small amount of room for negotiation, a small number of traders due to the early signing of the long contract price with the mine is lower, at this stage low price to let the goods. The current price still can not stimulate the intention of a large number of Ni-Fe plants to stock, and some Ni-Fe plants have a negative attitude towards high-price mines, which has something to do with the narrowing of their own profits. In the second half of the week, the nickel price rebounded and the market transaction atmosphere improved slightly, but the high nickel iron did not pick up significantly for the time being, so it still has an obvious psychological pressure on the nickel ore price of raw materials.
SMM October 25: nickel mine sea freight weak operation this week, to Friday Indonesia to Lianyungang sea freight of $14 / wet ton, down from Friday $2 / wet ton. The sea freight of nickel mines has been in a state of decline since National Day, and continued to be weak this week. The BDI index, affected by falling fuel prices, continued to fall during the week, falling 1785 points on Oct. 24, down from 1855 points on Oct. 18.
Stainless steel, scrap stainless steel
[SMM stainless steel factory guidance price] Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price is the same as yesterday.
[Foshan market Taigang cold rolling quotation is the same as yesterday] SMM October 25: Foshan market Taigang cold rolling quotation (including tax trimming base price) 304 2B volume price 16200 yuan / ton; 316L 23900 yuan / ton, 430 8100 yuan / ton, the prices are the same as yesterday.
SMM, October 25 / PRNewswire-Asianet /-this morning in Wuxi, Wuxi quoted prices of 1605016250 yuan / ton for state-run 304 2B cutting edges and 15800-15900 yuan / ton for private 304 2B rough edges. 304 / NO. 1 five feet at 14950-15050 yuan / ton. In the morning market, the cold and hot rolling prices are generally flat, the merchants offer high prices, the transaction is light, and the downstream is more wait-and-see. For 10:30 SHFE SS2002 contract selling price 14890 yuan / ton, Wuxi stainless steel spot water 610-880 yuan / ton, water narrow (spot edge cutting = rough edge + 170 yuan / ton)
SMM October 25: Foshan stainless steel market state-owned 304 2B trimming volume price is the same as yesterday's market price at 15950 yuan / ton; private 304 2B rough edge volume price is higher than yesterday's average price of 15650 yuan / ton; today's 304 / NO. 1 five-foot volume price is stable at 15100 yuan / ton compared with yesterday's average price. Today morning Foshan hot rolling market quotation is more stable than yesterday's average price, private 304 cold rolling rough edge has increased slightly, some businesses said that the current market transactions have gradually improved, the late market price wait and see more. For 10:30 SHFE ss2002 contract selling price 14890 yuan / ton, Foshan stainless steel spot water 530-730 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)
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