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[nickel Market Today] Shanghai Nickel stabilizes slightly spot quotation is mixed
Apr 17,2020 14:01CST
Today, Electrolytic Nickel SMM1 offers 97150-99050 yuan per ton. Russia Nickel to Shanghai Nickel 05 contract flat to 100 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract in the rising water 1300-1500 yuan / ton.
The content below was translated by Tencent automatically for reference.

[April 17 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 17 SMM Nickel Market Trends]

Electrolytic nickel

Nickel spot: SMM April 17: today's SMM1 electrolytic nickel offer 97150-99050 yuan / ton. Russia Nickel to Shanghai Nickel 05 contract flat to 100 yuan / ton, Jinchuan Nickel to Shanghai Nickel 2005 contract in the rising water 1300-1500 yuan / ton. The transaction of Russian nickel today is mixed. Today, traders in the market have quoted prices for 06 contracts one after another, and the range is reported to be between 06 and 200, with transactions on the weak side. Some traders still offer flat water to 100 yuan / ton for Shanghai Nickel 2005 contracts, and the transaction situation is slightly better than that of traders quoted in the next month. Jinchuan nickel, the morning market quotation on the 2005 contract rose 1300-1500 yuan / ton, Shanghai nickel 2006 contract overreported in the vicinity of 1300 yuan / ton, the morning market transaction is relatively light, the second trading period, traders in order to promote transactions, the market has a small amount of 06 liters 1200 yuan / ton quotation. The ex-factory price of Jinchuan Company is 98600 yuan / ton.

[ex-factory price of Jinchuan Company] SMM April 17: 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 sulfate

SMM, April 16: according to SMM research, the recent battery grade nickel sulfate market inventory is tight, and downstream demand compared with last month to increase the trend. The mainstream transaction price in the market is already above 23000 / ton.

Stainless steel

SMM, April 17 / PRNewswire-FirstCall-Asianet /-as steel mills push up prices and continue to pull up prices, the steel markets in Foshan have increased steadily, but the range of increase is also different from the downstream volume. Many local traders said that the inquiry and actual procurement increased within the week, but the quotation and the actual price were biased towards a small concession, so the downstream terminal purchasing atmosphere was strong. The effect of going to the library has improved. Friday Foshan area steel quotation, the state-owned 3042B trimming volume price is stable at 13200-13500 yuan / ton compared with yesterday's average price, private 3042B rough edge roll price is the same as yesterday's average price at 12800-12900 yuan / ton, 304 / NO. 1 five feet quotation is stable at 12400-12600 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12810 yuan / ton, Foshan stainless steel spot water 160-260 yuan / ton. (spot trimming = rough edges + 170).

SMM, April 17 / PRNewswire-FirstCall-Asianet /-Today, the price of private cold rolling in Wuxi is 12900-13000 yuan / ton, the price is the same as yesterday, and some hot rolling companies are slightly reduced by 50,100 yuan / ton to 12400-12700 yuan / ton. Recently, the spot price of stainless steel has risen, and the transaction situation has remained good. On the one hand, because of the small supply of some specifications, on the other hand, because of the proximity to the May Day holiday, some businesses have restocked, and some traders have indicated that now the order for April has basically been booked to the end of the month. However, after the gradual completion of replenishment downstream, and the upward trend returned to calm, transactions have shrunk slightly in the past two days. There is a small reduction in the price of 304 hot rolling today to promote shipment. For 10:30 SHFE SS2006 contract price 12810 yuan / ton, Wuxi stainless steel spot water 260-360 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[SMM Steel Plant guidance Price] SMM April 17: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price is 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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