[nickel City Today] Nickel horizontal Plate finishing downstream on-demand stainless Steel Market demand gradually recovers

[March 6 SMM Nickel Product Price]

SMM Ni-Cr stainless steel regular report, can receive the latest information in the morning, noon and closing time, contact: Liu Yuqiao, 15900822445 (same as WeChat).

[March 6 SMM Nickel Market Trends]

Electrolytic nickel

Spot: SMM3 June 6: today SMM1 electrolytic nickel quotation 102300-104100 yuan / ton. Today, Russian nickel to Shanghai nickel 2004 discount 250 yuan / ton to 200 yuan / ton, it is reported that after the opening of the morning market one after another reached a transaction, warmer than yesterday, but the total trading volume is still weak. Jinchuan nickel to Shanghai nickel 2004 contract rose 1400-1600 yuan / ton, Jinchuan company ex-factory price 103800 yuan / ton. Jinchuan holders rising water quotation slightly down, today's downstream is still on demand a small amount of procurement, the transaction situation is general.

[ex-factory price of Jinchuan Company] SMM 6 March: today Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 103800 yuan / ton, barreled small pieces 105000 yuan / ton, down 200 yuan / ton from yesterday.

Nickel pig iron

SMM3, June 6: a large stainless steel factory in North China this week high nickel pig iron purchase price 920 yuan / nickel point (to the plant including tax), and a northern iron plant has thousands of tons of transactions, delivery date in April. Compared with the factory quoted last month 975 yuan / nickel point (to the factory including tax) down 55 yuan / nickel point.

Stainless steel, scrap stainless steel

SMM March 6: today, Wuxi 304 stainless steel market prices are generally flat, private 304 2B rough edge volume price of 13100-13300 yuan / ton; state-owned 304 2B cutting edge volume price of 14100-14300 yuan / ton; 304 / NO. 1 five feet 12400-12600 yuan / ton. At present, with the control of the epidemic, the operating rate of downstream enterprises has increased, market demand has gradually recovered, and transactions have improved, but some traders say that now the quotation is temporarily stable, the actual transaction may have a 50-100 profit, and the subsequent price trend will continue to look at the demand situation downstream. For 10:30 SHFE SS2006 contract selling price 12615 yuan / ton, Wuxi stainless steel spot water 655-855 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[Foshan stainless Steel Meridian Review] SMM March 6: Foshan area steel prices today compared with yesterday's average price promotion as a whole, according to SMM, individual businesses to reduce prices to stimulate consumer demand has significantly increased performance, but the market supply is too much, downstream demand has not been greatly boosted, some businesses reflect that the futures signing situation is difficult to be optimistic, so the short-term steel prices are still weak. In the quotation of steel products in Foshan today, the price of the state-owned 304 2B trimming roll is 100 yuan / ton lower than yesterday's average price at 14200-14300 yuan / ton. The private 304 2B rough edge roll price is 200 yuan / ton lower than yesterday at 12800-13000 yuan / ton. 304 / NO. 1 5ft quotation is 50 yuan / ton lower than yesterday's average price of 12500-12700 yuan / ton, and the 10:30 SHFE SS2006 contract price is 12615 yuan / ton. Foshan stainless steel spot water 355-555 yuan / ton. (spot trimming = rough edges + 170).

[SMM Steel Plant guidance Price] on March 6, the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd was the same as yesterday.

Stock

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the inventory of previous warehouse receipts, was down 2845 tons to 76900 tons, or 3.57 percent, from last week. Domestic stocks (except bonded warehouses) totaled 56700 tons, including about 4300 tons of nickel beans and 52400 tons of nickel plates. Inventories in the previous period of the week and social inventories in East China have declined, mainly due to the shock drop in nickel prices this week, stimulating downstream replenishment demand, and holdings of single goods in the hands of holdings are more active. On the other hand, logistics transportation has resumed, and the purchased goods of manufacturers have begun to be delivered and shipped one after another. Shanghai Free Trade Zone (including Shanghai Shitianwei, Li Zitang, Lingang, Jie Kai Yi, Henry Bath) refined nickel inventory of about 20200 tons. Due to the continued closure of the import window, there was little trading in the bonded area, and the inventory growth was mainly due to the arrival of long-term goods from foreign trade merchants, of which nickel bean stocks increased by 500 tons to 3100 tons.

Nickel Research Group of the Ministry of Nonferrous Metals

Liu Yuqiao: + 86-21-51666804 / liuyuqiao@smm.cn

Wang Tong: + 86-21-51666855 / wangtong@smm.cn

Li Chuntian + 86-21-51666817 / springli@smm.cn

Zhang Lingying + 86-21-51666901 / zhanglingying@smm.cn

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