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[nickel City Today] Nickel prices are in a wide swing between the 5 / 10 moving averages. Spot transactions are mixed.
Apr 1,2020 14:26CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

[April 1 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).

[April 1 SMM Nickel Market Trends]

Electrolytic nickel and nickel pig iron

Spot: SMM April 1: today SMM1 electrolytic nickel quotation 92700-94700 yuan / ton. Russian nickel to Shanghai nickel 2005 contract report 100 yuan / ton to ping shui, the morning market more reported flat water, the transaction situation is general; some traders on the recent customs clearance import of the new version of Russian nickel spot report 100 yuan / ton, nickel prices fell in the morning market recorded a good transaction, due to the lower price of warehouse orders on the market, trade and terminal downstream have a certain number of goods. Jinchuan Nickel to Shanghai Nickel 05 contract rose 1600-1800 yuan / ton, there are also a small number of transactions in the morning market. Today, Jinchuan company ex-factory price held steady at 94500 yuan / ton for the third day in a row, Shanghai area is still relatively small, Jinchuan No. 1 nickel rising water is expected to continue to hold stable. It is reported that today's manufacturers to Jinchuan No. 2 nickel, No. 3 nickel price adjustment, an increase of about 1000 yuan / ton, although it is still lower than Russian nickel, but will have a certain impact on the downstream enthusiasm.

Jinchuan Company ex-factory price SMM April 1: April 1 Jinchuan Electrolytic Nickel (big board) Shanghai quotation 94500 yuan / ton, barreled small pieces 95700 yuan / ton, the same as yesterday.

SMM3, March 31: a nickel iron plant in East China stopped production in March 19 because of the furnace age and the need for capacity expansion of the furnace. It is understood that the plant officially resumed production at the end of the month, with an estimated output of 2000 physical tons in April.

Stainless steel, scrap stainless steel

SMM, April 1 / PRNewswire-FirstCall-Asianet /-Today, the quotation for stainless steel in Wuxi is generally stable, with the private 304 2B rough edge volume price quoted at 12200-12500 yuan / ton, and 304 / NO. 1 five feet at 11850-12050 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton. Stainless steel prices fell sharply in March and are now in a lower position, with little volatility in the near future. Due to the impact of the epidemic, downstream demand has not yet improved significantly. Some traders said that the probability of April is similar to that of March, shipment is dominant, downstream is still on-demand procurement. For 10:30 SHFE SS2006 contract price 12010 yuan / ton, Wuxi stainless steel spot water 360-660 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

Foshan area stainless Steel Meridian Review, SMM April 1: Foshan area on the first day of April steel prices temporarily stable operation, some businesses said that individual steel models at the end of March more active, more shipments, but is expected to still low price shipment in early April, the future demand in April is not optimistic. Today, Foshan area steel quotation, the state-owned 3042B trimming volume price is the same as yesterday's average price at 13200-13500 yuan / ton, private 3042B rough edge roll price is more stable than yesterday's average price at 12100-12400 yuan / ton, 304 / NO. 1 five feet quotation is temporarily stable at 11800-12000 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12010 yuan / ton, Foshan stainless steel spot water 260560 yuan / ton. (spot trimming = rough edges + 170).

[SMM stainless Steel Factory Weekly Price] SMM March 31: 30430 Series stainless Steel Weekly settlement Price of Jiuquan Iron and Steel Co., Ltd.

[SMM stainless Steel Factory Weekly Price] SMM March 31: Dongfang Special Steel's price is mixed this week.

[SMM Steel Plant guidance Price] SMM March 31: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price is 200 yuan / ton lower than yesterday.

Stock

According to the SMM survey, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt inventory, was down 870 tons to 57900 tons, or 1.48 percent, from last week. Domestic stocks (except bonded warehouses) are about 38600 tons, including about 2200 tons of nickel beans and 36400 tons of nickel plates. Inventories fell 1478 tons this week, flat from last week, and still outflow Russian nickel warehouse receipts from China Reserve and Shangkang. In the aspect of hidden inventory in East China, with the customs clearance of nearly 1,000 tons of nickel plates in the bonded area and a small amount of nickel beans flowing into China, the hidden inventory increased by 1108 tons to 9962 tons. Shanghai bonded area (including Shanghai Shitianwei, Li Zitang, Lingang, Jie Kai Yi, Henry Bath) refined nickel stocks 19300 tons, it is reported that due to the recent improvement in import prices, so the bonded area trading has warmed up, nickel plate nickel beans have a certain out of the warehouse, at the same time, there are also forward goods to Hong Kong, the bonded area inventory dropped slightly this week.

Nickel Research Group of the Ministry of Nonferrous Metals

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

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

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

Zhao Ming: + 86-21-516666780 / tylerzhao@smm.cn

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