Weak Nickel Price in Nickel Market (12.18) spot performance is still poor

[December 18 SMM Nickel Product Price]

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[December 18 SMM Nickel Market Trends]

Electrolytic nickel

Spot: [nickel price weakening spot performance is still poor] December 18 today SMM1 electrolytic nickel quotation 109700112200 yuan / ton. Russian Nickel to Shanghai Nickel 2001 generally discount 2001 to discount 200 yuan / ton, discount 500 yuan / ton small quotation. Jinchuan nickel to Shanghai nickel 2001 rose 1900-2000 yuan / ton, early trading, Russian nickel discount 2001 yuan / ton has a small amount of downstream pick-up, the basic discount 2001 to 200 yuan / ton no transaction. Nickel prices continued to run weakly yesterday, swinging around 110000 or so, but the spot market response was mediocre and there was no significant boost. Jinchuan nickel rising water slightly lower, Jinchuan company recently actively shipped. In the second trading session, nickel prices were under pressure from the daily moving average, and the downstream was dominated by wait-and-see. Jinchuan quoted 112000 yuan / ton, 1600 yuan / ton lower than yesterday.

[ex-factory Price of Jinchuan Company] on December 18, Jinchuan Company Electrolytic Nickel (Big Board) Shanghai quoted 112000 yuan / ton, barreled small pieces 113200 yuan / ton, 1600 yuan / ton lower than yesterday.

Stainless steel

SMM, December 18 / PRNewswire-FirstCall-Asianet /-this morning in Wuxi, Wuxi quoted the price of state-owned 3042B trimming volumes at 15000-15200 yuan per ton, and private 3042B rough edges at 14400-14500 yuan per ton. 304 / NO. 1 five feet at 13200-13300 yuan per ton. Morning 304 cold rolling base price is generally flat, part of the specifications are out of stock, give price support, hot rolling price down slightly 50 yuan / ton for profit delivery. For 10:30 SHFE SS2002 contract selling price per ton, Wuxi stainless steel spot water 290390 yuan / ton. (spot edge cutting = rough edge + 170 yuan / ton).

[Foshan area stainless Steel spot Review] SMM December 18: this morning Foshan area quotation: state-owned 304 2B trimming volume price 1525015450 yuan / ton, private 304 2B rough edge roll price 14300-14700 yuan / ton. 304 / NO. 1 five feet at 13400-13600 yuan per ton. In the morning, the steel prices of various departments in Foshan market showed a stable situation as a whole. At the end of the year, some new goods from traders arrived at the factory. The actual transaction situation of new and old sources of goods was different, but most of them were still mainly talking about slightly falling prices. For 10:30 SHFE SS2002 contract selling price 14280 yuan / ton, Foshan stainless steel spot water 190-590 tons. (spot edge cutting = rough edge + 170 yuan / ton).

[SMM stainless steel factory guidance price] SMM December 18: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price reduced by 100 yuan / ton

[Foshan market Taigang cold rolling quotation is flat] SMM December 18: Foshan market Taigang cold rolling quotation (including tax edge cutting base price) 304 2B volume price 15200 yuan / ton; 316L 22300 yuan / ton; 430 quoted 8000 yuan / ton, the prices are the same as yesterday's quotation.

[SMM stainless Steel Plant Weekly Price] SMM December 17: Dongfang Special Steel Co., Ltd. hot rolling rose 100 yuan / ton this week, 316L down 300 yuan / ton

[SMM stainless steel factory weekly price] SMM December 17: 30430 stainless steel weekly settlement price ring flat plate of Jiuquan Iron and Steel Co., Ltd.

Stock

According to SMM research, the total amount of nickel stocks in Shanghai, including the previous inventory, increased by 1617 tons, or 1.9 per cent, from last week to 86000 tons. Domestic stocks rose 1617 tons to 68900 tons from last week, including about 9600 tons of nickel beans and 59300 tons of nickel plates. During the same period, refined nickel stocks in the Shanghai Free Trade Zone were about 17100 tons, flat from the previous week, including 4350 tons of nickel beans, which was stable from last week.

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