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[nickel Market Today] Shanghai Nickel High Open low shock adjust spot transaction Light rise and hold steady
Apr 13,2020 14:21CST
Today, SMM1 Electrolytic Nickel quoted 9690098600 yuan / ton, the average price is down 300 yuan / ton compared with last Friday.
The content below was translated by Tencent automatically for reference.

[April 13 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 13 SMM Nickel Market Trends]

Electrolytic nickel

Nickel spot: SMM April 13: today's SMM1 electrolytic nickel offer 96900-98600 yuan / ton, the average price is down 300 yuan / ton compared with last Friday. Russia Nickel to Shanghai Nickel 2005 contract 50-up 50 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract up 1400-1500 yuan / ton. Today's morning market in the city Shang Sheng discount offer is flat compared with last Friday, Russian nickel, taking into account the proximity of delivery (Wednesday, April 15), the market low price supply is less, more reported in flat water, the morning market transaction is relatively light. Jinchuan nickel, the morning market reported in the rising water 1500 yuan / ton, few transactions, but due to the high cost of receiving goods, expected to rise water down space is limited; Jinchuan company Shanghai has arrived, ex-factory price 98200 yuan / ton, but the morning market high open low walk, shock range continues to narrow, it is expected that traders receive hedging after the supply is still rising 1400 yuan / ton. Nickel price to Shanghai nickel 2005 contract report 600 yuan / ton, domestic nickel beans continue to decline in the near future, the supply is tight, but the demand is relatively light, it is expected that the rising water will gradually weaken.

[ex-factory price of Jinchuan Company] SMM April 13: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 98200 yuan / ton, barreled small piece 99400 yuan / ton, Jinchang quotation 97750 yuan / ton, 600 yuan / ton lower than yesterday.

Nickel pig iron

SMM4 13: a stainless steel factory in East China last Friday high nickel pig iron inquiry price 910 yuan / nickel point (to the factory including tax), it is reported that 10, 000 tons of transactions, the price is 30 yuan / nickel point higher than the factory's last offer. With the rise in nickel prices and the breaking of the deadlock in the nickel-iron market last week, major steel mills began to purchase one after another, the purchase price is higher than the previous transaction price, and the price of stainless steel has also rebounded this week. It is expected that the price of high nickel pig iron may continue to pick up slightly this week, but the room for rise is limited, and the high operating range is expected to be 885-900 yuan / nickel point (including ex-factory tax).

Stainless steel

SMM, April 13 / PRNewswire-FirstCall-Asianet /-at the beginning of the week, the overall quotation of steel products in Foshan area was stable and moderately increased, mainly affected by the announcement of the closure of steel mills last week, and the atmosphere of agents and traders shouting to rise was enhanced, but the spot resources in the market were too large. Many traders still said that they would make a small profit out of the warehouse at present, so there was little room for steel prices to rise in the short term. The order quantity of terminal demand is still the main influence factor of steel price. In today's steel quotation of various departments in Foshan, the state-owned 304 2B trimming volume price is stable at 13000-13300 yuan / ton compared with last Friday's average price, and the private 3042B rough edge roll price is slightly increased by 50 yuan / ton compared with last Friday's average price of 12300-12400 yuan / ton. 304 / NO. 1 5ft quotation is 100 yuan / ton higher than the average market price of 11800-12000 yuan / ton last Friday, and the 10:30 SHFE SS2006 contract is sold at 12570 yuan / ton. Foshan stainless steel spot water-100-0 yuan / ton. (spot trimming = rough edges + 170)

SMM, 13 April: today, the average price of 304 private cold rolling in Wuxi increased by 100 yuan / ton to 12300-12500 yuan / ton, while that of hot rolling slightly increased by 50 yuan / ton to 11800-12000 yuan / ton. 3042B state-owned cut-edge roll price quoted 1290013300 yuan / ton, the average price increased by 100 yuan / ton; Cold rolling prices continue to weaken, the current low price at 7300 yuan / ton, the average price of 7450 yuan / ton, down from last week's price of 150 yuan / ton. Today, Qingshan 300 series stainless steel cold and hot rolling prices are up 200 yuan / ton, the market Hongwang cold rolling quotation up 100-200 yuan / ton, today Delong cold rolling price slightly increased 50-100 yuan / ton, the base price is quoted at 11900-12000 yuan / ton, compared with Hongwang price is still on the low side. Traders reflect that due to price advantages, the current market prosperous supply is on the low side, Delong is the majority. Now stainless steel prices have rebounded, or steel mills have made a slight improvement after raising prices. Now the market is still full of cold-rolled goods, Delong is still a relatively low price, and subsequent rising stainless steel prices are still under pressure, depending on downstream demand. For 10:30 SHFE SS2006 contract price 12570 yuan / ton, Wuxi stainless steel spot water-100-100 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

SMM4 January 13: today, Castle Peak 201 rose 100 yuan / ton: 201hot rolling: J1 narrow band price 6450 yuan / ton; J2 narrow band price 6050 yuan / ton; J3 narrow band price 6250 yuan / ton; j4 narrow band price 6850 yuan / ton; all increased by 100 yuan / ton compared with the previous market price.

[stainless steel plate price-Yongjin 304 cold rolling] SMM April 13: Fujian Yongjin 304 cold rolling sales guidance price of 4 feet 12200 yuan / ton, Guangdong Yongjin 304 cold rolling sales guidance price of 5 feet 12300 yuan / ton. Compared with the last opening, up 200 yuan / ton.

[stainless steel plate price-Qingshan 304 hot rolling] SMM April 13: today, Castle Peak open 304narrow band hot coil 11700 yuan / ton, 304large plate hot coil 11900 yuan / ton. It is up 200 yuan / ton from the last price. May futures.


According to SMM research, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt inventory, increased by 249 tons to 57000 tons, or 0.44 per cent, compared with the previous week. Domestic stocks (except bonded warehouses) are about 38400 tons, including about 2200 tons of nickel beans and 36200 tons of nickel plates. Inventories fell 83 tons, or 0.29%, this week. The outflow rate of warehouse receipts in Shanghai slowed down, and a small amount of Bofeng nickel was stored in Wuxi. Hidden stocks in East China increased by 332 tons from last week, Jinchuan nickel arrived this week, superimposed spot transactions weakened this week compared with last week, inventory outflow slowed, recessive inventory in and out of warehouses recorded a small increase; refined nickel stocks in Shanghai bonded area 18600 tons, flat from last week, due to the impact of the foreign epidemic, almost did not arrive in Hong Kong this week, and nickel plate bills of lading are expected to arrive in mid-April.

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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