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Today's nickel market (11.6) nickel prices around the daily average consolidation transaction is still light

iconNov 6, 2019 14:35
Source:SMM

[6 November SMM Nickel Product Price]

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[6 November SMM Nickel Market Trends]

Electrolytic nickel

Spot: on November 6, Russian nickel compared with Shanghai nickel 1912 reported 2500 to 2600 yuan / ton. Jinchuan nickel compared with Shanghai nickel 1912 contract rose 3800 to 5000 yuan / ton, today reported a decrease in Jinchuan rising water traders, generally reflected that there is no stock. Nickel prices in the morning around the daily average consolidation, but the spot basically no response, traders due to the 1912 contract rose higher, dare not receive the goods. Downstream more in Wuxi plate to buy nickel beans, to a certain extent impact nickel plate transaction. The ex-factory price of Jinchuan Company is 134600 yuan / ton, which is 700 yuan / ton higher than that of yesterday.

[ex-factory price of Jinchuan Company] on November 6, Jinchuan Company quoted 134600 yuan / ton for electrolytic nickel (big board) in Shanghai and 135800 yuan / ton for barreled pieces, 700 yuan / ton higher than yesterday.

Nickel ore

SMM, Nov. 5 / PRNewswire-Asianet /-according to SMM, there are still more than 50 mining ships waiting to be inspected in Indonesian ports. The inspection took a long time, and some traders said that the time for shipment in December after the return of the mining ship was tight, which might affect some of the shipping schedule. As a result of this incident, the domestic market is mostly in a wait-and-see state, and the trading atmosphere in the market is deserted.

Stainless steel, waste stainless steel

[Wuxi stainless Steel Morning Review] SMM November 6: today, Wuxi 304 stainless steel quotation is generally lowered, the state-run 304 2B trimming volume price is quoted at 15800-16000 yuan / ton, down 100 yuan / ton compared with yesterday; the private 3042B rough edge roll price is 15300-15500 yuan / ton, 150 yuan / ton lower than yesterday; 304 / NO. 1 5 feet 14700-14900 yuan / ton, the average price is reduced by 50 yuan / ton. In the morning, the overall transaction is light, some traders said that the overall transaction this week is weak, demand is weak. For 10:30 SHFE SS2002 contract selling price 14925 yuan / ton, Wuxi stainless steel spot water 445-745 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[Foshan stainless Steel Morning Review] SMM November 6, morning Foshan stainless steel market state 3042B edge cutting volume price was 15950 yuan / ton compared with yesterday; private 3042B rough edge roll price continued to be slightly lower than yesterday by 50 yuan / ton; today's 304 / NO. 1 five-foot roll price is down 100 yuan from yesterday's average price at 14900 yuan / ton. Morning hot rolling basic overall quotation lower than yesterday's average price of 100 yuan / ton, cold rolling 201 is relatively weak and stable, 304 cold rolling slightly reduced 50 yuan / ton, the overall shipping market is light. For 10:30 SHFE SS2002 contract selling price 14925 yuan / ton, Foshan stainless steel spot water 345-545 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

SMM waste price down 100 yuan / ton: today's waste stainless steel price down 100 yuan / ton, quoted 10250-10350 yuan / ton; 201 waste price is the same as yesterday, 4150-4250 yuan / ton; 430 waste price held steady, at 3700-3750 yuan / ton. Some traders said that the reduction in waste prices is mainly due to the weak consumption of stainless steel products in the market at this stage, prices downward, steel mills to a certain extent to control the cost of purchasing raw materials.

Inventory

According to the SMM survey, total nickel stocks in Shanghai, including the previous warehouse receipt stocks, rose 1392 tons, or 1.9 per cent, from last week to 75800 tons. Domestic stocks rose 2392 tons to 56700 tons from last week, including about 11800 tons of nickel beans and about 44900 tons of nickel plates. Over the same period, refined nickel stocks in the Shanghai Free Trade Zone were about 19100 tons, down 1000 tons from the previous week, of which 5100 tons were nickel beans, the same as last week.

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Nickel market
output
electrolytic nickel
stainless steel

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