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[nickel Market Today] Lunni stabilizes nickel in Shanghai in the morning. Spot transactions are better than yesterday.
Apr 14,2020 14:19CST
Today, SMM1 Electrolytic Nickel quoted 96250-98150 yuan / ton, the average price is down 550 yuan / ton compared with yesterday.
The content below was translated by Tencent automatically for reference.

[April 14 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 14 SMM Nickel Market Trends]

Electrolytic nickel, nickel sulfate

Nickel spot: SMM April 14: today's SMM1 electrolytic nickel quotation 9625098150 yuan / ton, the average price is down 550 yuan / ton compared with yesterday. Russia Nickel to Shanghai Nickel 05 contract flat to 50 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract in the rising water 1400-1500 yuan / ton. Today, the Shanghai nickel morning market still continues the trend of high opening and low going, as prices are low and close to delivery, mainstream traders have few discount quotations for Russian nickel, and some traders in the morning market meet low replenishment, but downstream demand is still improving. the overall transaction situation is slightly better than yesterday. Jinchuan nickel, downstream today to pick up goods, early market water 1400, or water 1500 yuan / ton have a small number of transactions, the degree of recovery is limited; Jinchuan company Shanghai continues to have goods for sale, ex-factory price 98000 yuan / ton, but due to the continuous decline after 11 o'clock, traders' willingness to receive goods is suppressed, it is expected that there is still no low price Jinchuan nickel supply in the future market. Today, nickel beans reported 600 yuan / ton to Shanghai Nickel 2005 contract, the same as yesterday.

[ex-factory Price of Jinchuan Company] SMM April 14: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai quotation 98000 yuan / ton, barreled small piece 99200 yuan / ton, Jinchang quotation 97550 yuan / ton, down 200 yuan / ton from yesterday.

SMM, April 13 / PRNewswire-FirstCall-Asianet /-according to SMM research, the export of nickel sulfate intermediates from Papua New Guinea to China has returned to the normal work flow, and nickel wet intermediates in China will no longer be affected by delays. At present, the raw material end supply of nickel sulfate intermediate is normal.

Stainless steel

SMM, April 14 / PRNewswire-FirstCall-Asianet /-at present, with the rise of the mainstream steel mills in the market, the atmosphere of steel price adjustment in the market has been enhanced. Although there are replenishment, the demand for goods downstream is still not particularly optimistic, and there is still a bargaining situation in the actual purchase of terminals. Today, Foshan area steel quotation, the state-owned 3042B trimming volume price is stable at 13000-13300 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price is higher than yesterday's average price of 12400-12500 yuan / ton, 304 / NO. 1 five feet quotation is up 100 yuan / ton from yesterday's quotation in 11900-12100 yuan / ton, the 10:30 SHFE SS2006 contract price is 12590 yuan / ton, Foshan stainless steel spot rising water-2080 yuan / ton (spot trimming = rough edges + 170).

SMM, April 14: today, the price of 304 cold and hot rolling in Wuxi is still up slightly. The average price of private cold rolling is increased by 100 yuan / ton to 12400-12600 yuan / ton; hot rolling is up 200 yuan / ton to 12000-12200 yuan / ton; 3042B state-owned edge cutting roll price is 12900-13300 yuan / ton, flat yesterday. In the past two days, the market price of 304 stainless steel rose slightly, mainly due to the increase in the new opening price after the closure of the steel plant, and the superimposed futures contract price is still a strong trend. some traders said that some businesses have little existing inventory, but some orders have been signed out, and the price has been raised, so the current order receiving situation is still OK, but whether the subsequent price strengthening state can continue depends on the downstream demand situation. A short-term price adjustment at present or in a lower position. For 10:30 SHFE SS2006 contract price 12590 yuan / ton, Wuxi stainless steel spot rising water-20-180 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

SMM4, April 14, 2020 Foshan Taigang cold rolling quotation (including tax edge cutting base price) 304 cold rolling edge cutting: 12900 yuan / ton; 316L: 19400 yuan / ton; 430 quoted 7200 yuan / ton are the same as yesterday


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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