[April 3 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 3 SMM Nickel Market Trends]
Electrolytic nickel
Spot: SMM April 3: today SMM1 electrolytic nickel quotation 9265094750 yuan / ton. Today, Russian nickel to Shanghai nickel 2005 contract reported flat water to rise 2005 yuan / ton, the market low water quotation transaction is OK, high water traders shipment volume is less, yesterday fell sharply when some terminals have replenished the warehouse, today's market transactions mostly for the circulation between traders; Jinchuan nickel Shanghai nickel 2005 contract rose 1600-1700 yuan / ton, the transaction situation is not as good as yesterday, the market just needed downstream to pick up the goods. Today Jinchuan Company Shanghai ex-factory price of 94500 yuan / ton, Shanghai area out of stock. Today, nickel beans reported 500 yuan / ton to Shanghai Nickel 2005 contract.
SMM April 3: Jinchuan Company electrolytic nickel (big board) Shanghai offer 94500 yuan / ton, barreled small pieces 95700 yuan / ton, Jinchang quoted 94050 yuan / ton, 1500 yuan / ton higher than yesterday.
Stainless steel, scrap stainless steel
SMM, April 3 / PRNewswire-FirstCall-Asianet /-Today, the average price of 304 hot rolled stainless steel in Wuxi area was slightly reduced by 50 yuan / ton, and 304 / NO. 1 5 feet was quoted at 11800-12000 yuan / ton. Cold rolling is stable, 304 2B rough edge roll price is 12150-12450 yuan / ton, state-run 304 2B cut edge roll price is 13000-13400 yuan / ton. Traders said that today's hot rolling small downward trend, in addition to falling prices, there is also a willingness to let profit out of the goods, some businesses believe that demand in April will be less than March, more inclined to ship as soon as possible. For 10:30 SHFE SS2006 contract price 11940 yuan / ton, Wuxi stainless steel spot water 380-680 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
Foshan area stainless Steel Meridian Review SMM April 3: Foshan area steel prices slowed down on Friday, just before the festival in South China just need to pick up the general atmosphere, unfavorable support late steel prices, short-term stainless steel market continued a weak and stable trend. Friday Foshan area steel quotation, the state-owned 304 2B trimming volume price is more stable than yesterday's average price at 13100-13400 yuan / ton, private 3042B rough edge volume 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 11940 yuan / ton, Foshan stainless steel spot water 330630 yuan / ton. (spot trimming = rough edges + 170).
SMM4 2: this afternoon, Castle Peak Dingxin 304 hot strip sales guidance price to 11700 yuan / ton, down 100 yuan / ton compared with the last price of the steel mill.
[SMM Steel Plant guidance Price] on April 3, the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. was partially reduced by 100 yuan / ton compared with 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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