[nickel market] Nickel prices exceed 106,000 spot trading has warmed up stainless steel traders open online orders

[price of SMM Nickel products]

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[11 February SMM Nickel Market Trends]

Electrolytic nickel

Nickel spot: SMM February 11: today SMM1 electrolytic nickel offer 105600-107200 yuan / ton. Russian nickel to Shanghai Nickel 2003 contract to post 200 yuan / ton, as most of the traders have resumed quotation this week, the market trading situation has warmed up. Early trading hours, individual holders reported discount 200 yuan / ton rapid transaction, with the nickel price gradually rose through 106000 yuan, most traders reported flat water or paste 100 yuan / ton, there are a small number of transactions. Jinchuan Nickel to Shanghai Nickel 2003 contract rose 1000-1500 yuan / ton, the rising rate was more stable than yesterday, and the transaction situation was slightly weaker than that of Russian nickel. The ex-factory price of Jinchuan Company today is 106500 yuan / ton.

[ex-factory Price of Jinchuan Company] SMM February 11: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 106500 yuan / ton, barreled small pieces 107700 yuan / ton, 500 yuan / ton higher than yesterday.

Nickel pig iron

SMM2 11: a stainless steel factory in East China this week high nickel pig iron purchase price 985 yuan / nickel point (to the factory including tax), it is reported that more than a thousand tons of transactions. The price is 5-10 yuan / nickel point higher than the purchase price of high nickel pig iron 975-980 yuan / nickel point (including factory tax). However, due to the impact of the epidemic, freight has increased compared with years ago, and logistics is not smooth, so the ex-factory price is basically the same as before. In addition, according to SMM research, nearly two weeks will be a centralized lead time for steel mills.

Stainless steel

Foshan area stainless Steel Meridian Review, SMM, Feb. 11 / PRNewswire-FirstCall-Asianet /-Today, some traders in Foshan do not have the latest quotation. At present, most of the reworking enterprises in the market open the online order mode, mostly futures, and the spot quotation is more stable than the price before the festival. The price of state-owned 304 2B trimming volume is stable at 15050-15250 yuan / ton, while that of private 304 2B rough edge roll is temporarily flat at 1380014100 yuan / ton. 304 / NO. 1 five feet in 13300-13500 yuan / ton. At present, most of the production enterprises in Foshan area have not fully resumed the production line, so the purchasing demand has not increased greatly. For 10:30 SHFE SS2006 contract selling price 13390 yuan / ton, Foshan stainless steel spot water 580880 tons. (spot edge cutting = rough edge + 170 yuan / ton).

SMM, February 11 / PRNewswire-FirstCall-Asianet /-yesterday, some agents and traders of stainless steel in Wuxi worked from home, but due to the general lack of work downstream, and the current logistics restrictions, the response to inquiries is very few. Today, most of the stainless steel quotations are flat before the stainless steel price, the state-owned 304 2B trimming roll price is quoted at 14800-15100 yuan / ton, and the private 304 2B rough edge roll price is 14050-14250 yuan / ton. 304 / NO. 1 five feet at 13100-13200 yuan per ton. For 10:30 SHFE SS2006 contract selling price 13390 yuan / ton, Wuxi stainless steel spot water 830-1030 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

SMM, Feb. 11 / PRNewswire-FirstCall-Asianet /-due to the impact of the national new coronavirus epidemic, most waste traders are still in a state of delay, and a few traders have individual quotations, but few have concluded transactions. At present, logistics and other aspects of inspection is also very strict, most businesses may be delayed to the end of February to resume work.

Stock

According to SMM research, the total amount of nickel inventory in Shanghai (including the inventory of previous warehouse receipts) increased by 173 tons to 77400 tons, an increase of 0.2 percent, compared with that before the Spring Festival. Domestic inventory increased by 373 tons to 58900 tons compared with that before the Spring Festival, including about 5000 tons of nickel beans and 54000 tons of nickel plates, of which a small amount of nickel beans flowed out of East China inventory, and some of Jinchuan nickel arrived one after another. Shanghai Free Trade Zone (including Shanghai Shitianwei, Li Zitang, Lingang, Jie Kai Yi, Henry Bath) refined nickel inventory about 18500 tons, compared with before the Spring Festival, of which 3400 tons of nickel beans, it is reported that most of the current bonded warehouses can only go through the transfer procedures, the recent arrival of goods can not be processed into the warehouse, will be extended to next 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

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