January 10 spot price of SMM nickel: the average price of SMM1# electrolytic nickel fell 225 yuan / ton

Nickel Sulfate Price Temporarily holding stable after inching upward. The current price of nickel sulphate is 30,500-31,000 yuan/mt, with transactions done at the lower end of the price range or average price.

On April 19, the average price of SMM8-12% high nickel pig iron was 942.5 yuan/nickel point (ex-factory tax included), up 3.5 yuan/nickel point from the previous working day...

On Wednesday, the most-traded SHFE nickel contract opened at 138,500 yuan/mt, and closed at 139,680 yuan/mt, up 2,590 yuan/mt compared with the last trading day. Trading volume increased by 50,757 lots to 273,596 lots, and open interest decreased by 4,150 lots to 81,592 lots. The most-traded SHFE nickel contract fluctuated sideways after initial slight drop. In the afternoon, it fell sharply to the lowest at 137,950 yuan/mt, and then rebounded, with the final increase of 1.93%.

Overnight, the most-traded SHFE nickel contract opened at 132,880 yuan/mt, and closed at 131,780 yuan/mt, down 1,550 yuan/mt. Trading volume fell by 20,976 lots, and open interest decreased by 1,689 lots. From a macro perspective, the US Fed has kept the upper limit of its interest rate at 5.5%. The Fed once again maintained interest rates unchanged. Powell's speech has not disclosed when to cut interest rate. This interest rate decision will have little impact on the market. Fundamentally, the progress of nickel ore approval accelerated and production of intermediate product projects in Indonesia ramped up. The market's expectations for tight supply of raw materials began to weaken. On the other hand, affected by the sharp drop in nickel prices, transactions in the spot market picked up, and downstream purchasing sentiment recovered. Nickel price is expected to go down.

Overnight, the most-traded SHFE nickel contract opened at 135,110 yuan/mt, and closed at 133,330 yuan/mt, down 1,380 yuan/mt. Trading volume fell by 43,048 lots, and open interest decreased by 5,215 lots. From a macro perspective, the US Fed has kept the upper limit of its interest rate at 5.5%. The Fed once again maintained interest rates unchanged. Powell's speech has not disclosed when to cut interest rate. This interest rate decision will have little impact on the market. Fundamentally, the progress of nickel ore approval accelerated and production of intermediate product projects in Indonesia ramped up. The market's expectations for tight supply of raw materials began to weaken. Nickel price is expected to go down.

March 25th, SMM News: On March 25th, the Shanghai nickel main contract opened at 135,110 yuan/ton and closed at 133,330 yuan/ton, a decrease of 1,380 yuan/ton compared to the previous trading day's closing price. Intraday trading weakened compared to the previous trading day, with a decrease in trading volume of 43,048 lots and a decrease in open interest of 5,215 lots...

According to data from the General Administration of Customs of China, China's imports of unalloyed nickel in January totaled 6,841 tons, down 16.37% month-on-month and 29.67% year-on-year. In February, imports of unalloyed nickel totaled 5,812 tons, down 15.04% month-on-month and 19.81% year-on-year.

On the evening of March 19th, Gree announced that its wholly-owned subsidiary, Wuhan Power Battery Regeneration Co., Ltd., had signed a "Strategic Cooperation Agreement on the Construction of a Green Industry Chain for the Full Lifecycle of Power Batteries"

As of February 22, the total social inventory of stainless steel was about 876,800 tons, an increase of about 0.73% week-on-week, and a month-on-month increase of 15.89%. Among them, the social inventory of 200 series stainless steel is about 238,300 tons, an increase of about 1.10% from last week's inventory; The social inventory of 300 series stainless steel was about 501,100 tons, an increase of about 0.66% week-on-week; The social inventory of 400 series stainless steel was about 137,400 tons, an increase of about 0.35% week-on-week......

SMM China & Indonesia Monthly Nickel Products Production Data