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[nickel Market Today] Shanghai Nickel first suppresses and then raises returns to 97000 downstream more wait-and-see transactions are not as good as yesterday
Apr 15,2020 14:18CST
Today SMM1 Electrolytic Nickel quotation 960098600 / ton, the average price is up 500 yuan / ton compared with yesterday.
The content below was translated by Tencent automatically for reference.

[15 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 15 SMM Nickel Market Trends]

Electrolytic nickel

Nickel spot: SMM April 15: today's SMM1 electrolytic nickel quotation 960098600 / ton, the average price is 500 yuan / ton higher than yesterday. Russia Nickel to Shanghai Nickel 05 contract flat to 50 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract in the rising water 1300-1500 yuan / ton. On the Russian nickel side, most traders continued yesterday's discount quotation, the trading situation in the morning market was weaker than yesterday, the center of gravity of nickel prices moved up in the second trading session, and a small number of traders lowered to discount quotations to facilitate transactions. Jinchuan nickel, yesterday, traders from manufacturers to replenish the warehouse, today's market has been rising 1300 yuan / ton quotation, but most of the holders because of the previous cost, is still rising 1400-1500 yuan / ton, the morning market downstream inquiry is relatively weak, the transaction situation is not good. Jinchuan company ex-factory price of 98600 yuan / ton, Shanghai area continues to have goods for sale, but because the market has been a large number of replenishment yesterday, the current delivery situation is less.

[ex-factory price of Jinchuan Company] SMM April 15: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 98600 yuan / ton, barreled small piece 99800 yuan / ton, Jinchang quotation 98150 yuan / ton, 600 yuan / ton higher than yesterday.

Nickel pig iron

SMM4 14: a stainless steel factory in East China today high nickel pig iron inquiry price 920 yuan / nickel point (to the factory including tax), according to market understanding, the price has thousands of tons of transactions, compared with the factory inquiry price last week up 10 yuan / nickel point. Nickel-iron price rising trend is obvious, nickel price, stainless steel price correction led to nickel-iron price rise, iron plant cost profit is still hanging upside down, but the willingness to ship is significantly stronger than in the previous period, high-nickel pig iron gradually went to the warehouse from April.

Nickel sulfate

SMM, April 14: according to SMM research, the current battery grade nickel sulfate market quotation mostly up to 24000 / ton, but the actual transaction price is basically in the 2.26-23500 / ton range. Earlier this month, some battery-grade nickel sulfate downstream companies had a wave of purchases, but the number of transactions was small.

Stainless steel

Foshan area stainless Steel Meridian Review] SMM April 15: today Foshan 300 series cold and hot rolling market quotation is affected by the steel mill rise and close, compared with yesterday's average price increase in the overall range of 100-250 yuan / ton, some traders said that part of the downstream just need to purchase orders actively, but also some terminal businesses have not been affected by the price increase and purchase in advance. In addition, the transaction atmosphere of individual steel models in Foshan area is better, the supporting steel price rises steadily, and the steel price and transaction in Foshan area are optimistic in the short term. In the quotation of steel products in Foshan today, the price of the state-owned 304 2B trimming roll is 100 yuan / ton higher than yesterday's average price at 13100-13400 yuan / ton. The private 3042B rough edge roll price is 250 yuan / ton higher than yesterday's average price at 12600-12800 yuan / ton. 304 / NO. 1 5ft quotation is 150 yuan / ton higher than yesterday's quotation at 12000-12300 yuan / ton, and the 10:30 SHFE SS2006 contract price is 12980 yuan / ton. Foshan stainless steel spot water-210 yuan / ton. (spot trimming = rough edges + 170).

SMM, April 15 / PRNewswire-Asianet /-this morning, the price of 304 cold and hot rolling in Wuxi continued to rise, with the average price of private cold rolling rising 300 yuan / ton to 12700-12900 yuan / ton, and hot rolling 300 yuan / ton to 12300-12500 yuan / ton. In the morning after the price adjustment, at noon, some traders adjusted prices again, up 100-200 yuan / ton. The spot price of stainless steel has also risen one after another, stimulated by the continuous rise in futures contract prices and the increase in the price of steel mills. Some businessmen said that at present, prices are rising rapidly, prices have been adjusted many times in a day, and some specifications also have a tight trend, and now prices have been raised continuously, the transaction situation has not been greatly affected, and the overall transaction is stable. Superimposed steel mills and businesses are the mentality of high prices, prices may still be strong in the short term.

SMM4 14: recently, Wuzhou Xinfeng Special Steel 1 million tons 950 stainless steel hot rolling production line will be held tomorrow morning completion and commissioning ceremony. It is reported that before (April 10), Xinfeng 1 million tons of 950 stainless steel continuous rolling line has been off the line, the specification is 3.0% 603.

[SMM Steel Plant guidance Price] SMM April 15: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price was partially raised by 200 yuan compared with yesterday.

[SMM stainless Steel Factory Weekly Price] SMM April 14: 30430 Series stainless Steel Weekly settlement Price in Jiuquan Iron and Steel Co., Ltd.


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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