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[nickel Market Today] under the Macro impact, Shanghai Nickel gradually recovered the decline, the spot market atmosphere warmed up and the trading improved.
Apr 2,2020 14:42CST
The content below was translated by Tencent automatically for reference.

[April 2 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 2 SMM Nickel Market Trends]

Electrolytic nickel and nickel pig iron

Spot: SMM April 2: today SMM1 electrolytic nickel offer 90400-93000 yuan / ton. As the number of confirmed cases in the United States reached 210000, employment hit a 10-year low, and the negative macro factors hit the financial market again, the basic metals fell collectively at the beginning of trading today, gradually stabilizing the pullback in the intraday market, and by the end of the morning market, Shanghai nickel gradually recovered its decline. Russian nickel to Shanghai nickel 2005 contract reported 50 yuan / ton to rise 50 yuan / ton, after the opening of the morning market trading is particularly active, sticking water Russian nickel is gradually reduced, the mainstream market is mostly spot reported flat, intraday some traders on the rising water to 100 yuan / ton, the transaction situation is relatively weak, the overall trading volume of Russian nickel has warmed up. Jinchuan nickel, Shanghai nickel 2005 contract rose 1700-1900 yuan / ton, high water transaction is relatively weak, due to the disk decline of almost no low price, rising water 1700 yuan / ton transaction situation is OK, the trading atmosphere has also improved. Today, the ex-factory price of Jinchuan Company is 93000 yuan / ton, and only a small number of goods have arrived in Shanghai.

SMM April 2: Jinchuan Company electrolytic nickel (big board) Shanghai quotation 93000 yuan / ton, barreled small pieces 94200 yuan / ton, Jinchang quoted 92550 yuan / ton, 1500 yuan / ton lower than yesterday.

SMM4, January 1: SMM high nickel pig iron price today quoted for 865880 yuan / nickel point (including factory tax), compared with the previous trading day quotation is the same. Nife market is in a stalemate, buyers and sellers of psychological price differences, the market is difficult to close, some manufacturers said that the late signing of the order suspended.

Stainless steel, scrap stainless steel

SMM, April 2 / PRNewswire-FirstCall-Asianet /-Today, the average price of 304 cold rolled stainless steel in Wuxi area was slightly reduced by 50 yuan / ton, and the price of 304 2B rough edge coil was quoted at 12150-12450 yuan / ton. The hot rolling is stable, 304 / NO. 1 five feet is 11850-12050 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton. According to the reaction of traders, the transaction of 300 series hot rolling in March is fair, which is obviously better than that in February, and can almost reach the normal shipping level. The improvement of cold rolling is weaker than that of hot rolling. Near the Qingming Festival holiday, prices are expected to remain stable recently, this morning due to a larger drop in nickel prices, some traders 304 cold rolling quotation slightly reduced by 50 yuan / ton. For 10:30 SHFE SS2006 contract price 11950 yuan / ton, Wuxi stainless steel spot water 370-670 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

Foshan area stainless steel noon review] SMM April 2: today Foshan area at the beginning of the month quotation than yesterday continued the stable situation, the holiday inquiry single atmosphere is cold, the market is mostly wait-and-see mentality, although the steel price is low to stimulate the market to take the goods, but the downstream terminal order demand is on the low side restricts the steel purchase, the short-term Foshan area steel price continues to be weak and stable before the festival. Today, Foshan area steel quotation, the state-owned 304 2B trimming volume price lower than yesterday's average price of 13100-13400 yuan / ton, private 3042B rough edge volume price is more stable than yesterday's average price at 1210012400 yuan / ton, 304 / NO. 1 five feet quotation is temporarily stable at 1180012000 yuan / ton, 10:30 SHFE SS2006 contract selling price 11950 yuan / ton, Foshan stainless steel spot rising 320-620 yuan / ton. (spot trimming = rough edges + 170).

SMM4, April 2: April 1, Qingtuo Group, the first batch of 2205 duplex stainless steel plate trial rolling success! It is reported that the trial rolling is a number of specifications for 10mm thick * 2000mm wide medium and heavy plate!

[SMM Steel Plant guidance Price] SMM April 2: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price was partially reduced by 200 yuan / ton compared with yesterday.


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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