[7 April 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 7 SMM Nickel Market Trends]
Spot: SMM April 7: today SMM1 electrolytic nickel quotation 9330095300 yuan / ton. On Friday, the central bank announced a cut in the central bank, Shanghai nickel rose today; the spot market as the first trading day after the festival, more wait-and-see downstream, transactions mostly between traders. Russian nickel to Shanghai Nickel 2005 contract flat to 50 yuan / ton, nickel prices in the morning fell back, but the discount has not changed. Jinchuan nickel morning market quotation to Shanghai nickel 2005 contract rose 1500-1700 yuan / ton or so, due to the holiday period Jinchuan company has arrived in Shanghai, today traders have replenishment, receiving volume is OK, it is expected that the future rising water will follow the ex-factory price quotation range, stable at 1500-1800 yuan / ton.
Jinchuan Co., Ltd. (ex-factory Price) SMM April 7: Jinchuan Electrolytic Nickel (Big Board) Shanghai offer 95000 yuan / ton, barreled small pieces 96200 yuan / ton, Jinchang quoted 94550 yuan / ton, 500 yuan / ton higher than last Friday.
Stainless steel, scrap stainless steel
SMM, April 7 / PRNewswire-FirstCall-Asianet /-Today, the price of 304 cold rolling in Wuxi was slightly reduced by 50 yuan / ton, and the price of 304 2B rough edge coil was quoted as 12100-12400 yuan / ton, while the hot rolling was stable, 304 / NO. 1 5 feet was quoted at 11800-12000 yuan / ton. The state-run 304 2B trimming volume is quoted at 13000-13400 yuan per ton. Traders said that on the first day after the festival, there were more inquiries, and some manufacturers in the morning market reduced their cold rolling quotations by 50 yuan per ton to make a profit, but hot rolling and some state-owned cold rolling quotations remained stable. Some businesses believe that demand in April may be slightly weaker than in March, and prices may still fall slightly, but there is limited room for decline. For 10:30 SHFE SS2006 contract price 12060 yuan / ton, Wuxi stainless steel spot water 210-510 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
Foshan area stainless steel noon review] SMM April 7: the first day after the festival Foshan stainless steel market quotation is flat compared with the whole before the festival, of which 300 series cold rolling market transaction compared with the quotation appeared slightly lower, downstream take goods demand is not high, just need low price transaction, pre-festival order, after the normal rhythm of delivery, short-term steel price weak operation. On the first day after the festival, the quotation of steel products in Foshan area, the state-owned 304 2B trimming volume price fell 50 yuan / ton from last Friday's average price of 13100-13300 yuan / ton, the private 3042B rough edge roll price was stable at 12100-12400 yuan / ton compared with yesterday's average price, 304 / NO. 1 five feet quotation was temporarily stable at 11800-12000 yuan / ton, the 10:30 SHFE SS2006 contract price was 12060 yuan / ton, Foshan stainless steel spot rose to 210-510 yuan / ton. (spot trimming = rough edges + 170).
[stainless steel plate price-Yongjin 304 cold rolling] April 7, Fujian Yongjin 304 cold rolling sales guidance price of 4 feet 12000 yuan / ton, Guangdong Yongjin 304 cold rolling sales guidance price of 5 feet 12100 yuan / ton, month-on-month quotation down by 200 yuan / ton
[stainless steel plate price-Qingshan 304 hot rolling] SMM April 7: today, the price of 304 hot rolled narrow strip is 11500 yuan / ton, which is 200 yuan / ton lower than that of the last time, and the price of 304 hot rolled plate is 11700 yuan / ton, down 200 yuan / ton from the previous round of quotation.
[SMM Steel Plant guidance Price] the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. on April 7 is the same as that of last Friday.
According to SMM research, the total amount of nickel inventory in Shanghai (including the previous warehouse receipt inventory) decreased by 1183 tons to 55800 tons from last week, a decrease of 2.04%, continuing the downward trend. Domestic stocks (except bonded warehouses) are about 38200 tons, including about 2200 tons of nickel beans and 36000 tons of nickel plates. Inventories fell 443 tons earlier this week, a slowdown from last week, mainly due to the influx of Bofeng nickel from Changzhou Funda, while warehouse receipts in Shanghai remained in a state of net outflow. The hidden inventory in East China is basically flat compared with last week. On the one hand, with the customs clearance of hundreds of tons of nickel plates in the bonded area, Jinchuan nickel has also been put into storage; on the other hand, transactions in the spot market this week can be completed, and downstream purchases are picked up. As a result, the increase or decrease in hidden inventories was generally flat. Shanghai Free Trade Zone refined nickel stocks of 18600 tons, due to the impact of the foreign epidemic, fewer inbound goods, inventory decline is mostly due to the export of foreign exchange goods locked by traders last week.
Nickel Research Group of the Ministry of Nonferrous Metals
Liu Yuqiao: + 86-21-51666804 / email@example.com
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