[January 7 SMM Nickel Product Price]
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[January 7 SMM Nickel Market Trends]
Electrolytic nickel
Spot: January 7, SMM1 electrolytic nickel quoted 107750-114100 yuan / ton. Today, Russian nickel to Shanghai nickel 2002 rising water 200 to 400 yuan / ton, Russian nickel rising water today continues to rise, early trading hours, individual traders reported 150 yuan / ton rapid transaction 300 tons, and then low-priced goods are difficult to buy. Other holders of basic water up more than 200 yuan / ton, but the volume is not large, nickel prices fell to 1080,000 below, stimulate downstream pick up goods, superimposed facing the Spring Festival replenishment demand, Russia nickel overall transaction improvement. Jinchuan nickel rose 6000-6500 yuan / ton to Shanghai nickel 2002. Jinchuan Shengshui continued to expand, mainly due to the tight supply of Jinchuan in Shanghai. Only a small amount of Jinchuan nickel was found in individual holders, and the holder reported a positive transaction of 6000 yuan / ton. Due to northern weather problems, logistics has been affected, and Jinchuan rising water is high, leading traders to take goods at a cautious pace, Jinchuan is expected to arrive in Shanghai on Wednesday and Thursday. Jinchuan quoted 112800 yuan / ton, 400 yuan / ton lower than yesterday.
Nickel pig iron, nickel ore
SMM1, March 7: a stainless steel factory in East China this week high nickel pig iron inquiry price 980 yuan / nickel point (to the factory including tax), it is reported that there have been a small number of transactions.
Stainless steel, scrap stainless steel
[Wuxi stainless Steel Meridian Review] January 7, morning quotation in Wuxi area: state 3042B cut edge volume price 14800-15100 yuan / ton, private 3042B rough edge roll price 1405014250 yuan / ton. 304 / NO. 1 five feet at 13150-13250 yuan per ton. In the morning market private 304 cold rolling quotation down 50 yuan / ton to allow profit delivery, light trading, some agents low transaction price exchange volume, 304 cold rolling period current price tends to be consistent, it is expected that the short-term price is weak shock. For 10:30 SHFE SS2006 contract selling price 13895 yuan / ton, Wuxi stainless steel spot water 325-525 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
[noon Review of stainless Steel in Foshan area] January 7, morning quotation in Foshan area: state-owned 304 2B cut edge volume price is 15100-15300 yuan / ton, private 3042B rough edge volume price 13800-14300 yuan / ton. 304 / NO. 1 five feet at 13300-13500 yuan per ton. This morning, the overall quotation in Foshan area is relatively stable, most businesses have determined the Spring Festival holiday time, so the pre-festival transaction atmosphere is light, the overall steel price is weak and stable operation. For 10:30 SHFE SS2006 contract selling price 13895 yuan / ton, Foshan stainless steel spot water 75-575 tons. (spot edge cutting = rough edge + 170 yuan / ton).
[stainless steel waste prices maintain stable operation] on January 7, the prices of waste stainless steel were generally stable, 304 waste stainless steel prices were quoted at 9350-9550 yuan / ton, 201 waste prices were quoted at 3900-4000 yuan / ton, and 430 waste prices were quoted at 3550-3650 yuan / ton, the prices were all the same as yesterday. According to traders, waste prices have generally stabilized recently, steel mills have generally completed procurement of waste, and the market has entered the end of the transaction. The waste recently acquired by traders will go into inventory and will have to be released after the Spring Festival. Waste prices are not expected to fluctuate significantly in the near future.
Stock
According to SMM research, the total amount of nickel inventory in Shanghai, including the previous warehouse receipt inventory, increased by 447 tons to 85500 tons over the previous week, an increase of 0.5 per cent. Domestic stocks fell slightly from 150 to 67500 tons last week, including about 9400 tons of nickel beans and about 58100 tons of nickel plates. In the same period, refined nickel stocks in the Shanghai Free Trade Zone were about 18000 tons, an increase of 600 tons over the previous week, of which 3400 tons of nickel beans were basically flat from last week.
Nickel Research Group of the Ministry of Nonferrous Metals
Liu Yuqiao: + 86-21-51666804 email: liuyuqiao@smm.cn
Gao Yin + 86-21-51666865 email: gaoyin@smm.cn
Duan Chunjing: + 86-21-51666896 email: duanchunjing@smm.cn
Wang Tong: + 86-21-51666855 email: wangtong@smm.cn
Li Chuntian: + 86-21-51666817 email: springli@smm.cn
Zhang Lingying: + 86-21-51666901 email: zhanglingying@smm.cn
