The transaction price of nickel pig iron in nickel market (12.05) continues to fall after 980. Stainless steel continues to fall freely.

[December 5 SMM Nickel Product Price]

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[December 5 SMM Nickel Market Trends]

Electrolytic nickel

Spot: SMM December 5: today's No. 1 electrolytic nickel quotation 106000-109600 yuan / ton, the average price of 107800 yuan / ton, down from yesterday's 450yuan / ton. Nickel prices are still weak, the main contract in the morning trading session has been reduced from 104400 to around 104000 of the closing price. The rising water of Russian nickel is slightly smaller than that of yesterday.

Lower average price from 1650 to 1600 yuan / ton, Jinchuan nickel rising water low range flat, high down 300 yuan, to 5, 000-5, 300 yuan / ton. Today's market continues yesterday's understock atmosphere, the inquiry is relatively active, because the number of holders is less Russian nickel quotation is also less, the quotation level is generally also

Is in 1600 yuan / ton, there are still resources in the market, but the holding situation of each family is quite different. Recently, nickel pig iron and other nickel plate brands still have obvious price advantages over Russian nickel, and Russian nickel is relatively difficult to ship, thus reducing the interest of some traders in Russian nickel trading. Jinchuan nickel rising water or more than 5000 yuan / ton high level, the actual transaction center of gravity compared with yesterday changed little, quoted high prices are basically difficult to close, so today's high-end quotation reduced. Jinchuan nickel board ex-factory price (Shanghai) 110000 yuan / ton, the same as yesterday.

Nickel pig iron

SMM12 month 5: a steel factory in central China today high nickel iron inquiry price for 960 yuan / nickel point (to the factory including tax), currently do not know whether there is a deal. The price compared with yesterday's transaction price of 980 yuan / nickel point (to the factory including tax) down 20 yuan / nickel point.

[construction of four RKEF production lines in Indonesia Nickel Pig Iron Plant Phase II began recently] according to SMM research, four RKEF production lines in Indonesia Nickel Pig Iron Plant Phase II have recently begun construction and are scheduled to be completed within 12 months. According to 5500 physical tons / month of each 36000 RKEF production line, with a grade of 12%, it is estimated that there will be a capacity increase of 32000 nickel tons in four new RKEF production lines.

Stainless steel

[morning Review of stainless Steel in Wuxi area] SMM, December 5: this morning in Wuxi, Wuxi quoted the price of state-owned 304 2B trimming volumes at 15100-15300 yuan per ton, and private 304 2B rough edges at 14400-14600 yuan per ton. 304 / NO. 1 five feet at 13250-13350 yuan per ton. The morning market quotation is still dominated by falling prices, in which the private cold rolling base price is low to 14100 yuan / 50 basis tons, the hot rolling price falls to 13250 yuan / ton, and there is a profit of 50 yuan / ton shippers. At the beginning of the month, the steel factory arrived concentrated, and the recent price weakness did not change. For 10:30 SHFE SS2002 contract selling price 13785 yuan / ton, Wuxi stainless steel spot water 785-985 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).

[Qingshan Xinkai 304 stainless steel hot rolled narrow strip price] SMM December 5: Qingshan 304 hot rolled narrow strip price quoted to 13000 yuan / ton, month-on-month opening down 400 yuan / ton.

[Qingshan 304 hot rolled five-foot industrial plate sales guidance price] SMM December 5: Foshan market news, Qingshan 304 hot rolled five-foot industrial plate sales guidance price of 13300 yuan / ton, the quantity to be approved. This price is down 300 yuan / ton compared with the previous agent offer.

[Foshan area stainless steel spot review] SMM December 5: this morning Foshan area quotation: state 3042B cutting edge volume price 1530015500 yuan / ton, private 3042B rough edge volume price 1455014750 yuan / ton. 304 / NO. 1 five feet at 13700-13900 yuan / ton. The private cold and hot rolling prices quoted in the morning market were slightly lower than yesterday's market price by 50 yuan / ton. At the beginning of the month, some businesses reflected that the actual transaction situation was not much, and the late shipping pressure gradually increased. At present, the market operators wait and see the mood increases. For 10:30 SHFE SS2002 contract selling price 13785 yuan / ton, Foshan stainless steel spot water 935-1135 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).

Nickel sulfate

[the transaction price of battery nickel sulfate continued to fall this week.] according to SMM research, the transaction price of battery nickel sulfate fell to 25500-26000 yuan / ton this week (30 days account period 6 months acceptance), down about 500 yuan / ton compared with the beginning of the week, a small number of transactions. The downstream precursor factories cut production more, the demand is bleak, the superimposed nickel price continues to fall, the downstream only just need to stock, there is no hurry to wait and see.

Stock

According to SMM research, the total amount of nickel inventory in Shanghai, including the previous warehouse receipt inventory, increased by 48 tons to 80900 tons, an increase of 0.06 percent over the previous week. Domestic stocks fell 352 tons to 64300 tons from last week, including about 11900 tons of nickel beans and about 52400 tons of nickel plates. During the same period, stocks of refined nickel in Shanghai Free Trade Zone (including Shanghai Shitianwei, Lizitang, Lingang, Jiekai and Henry Bath) were about 16700 tons, an increase of 400 tons over the previous week, of which 3900 tons of nickel beans were the same as last week.

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