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(under review) [selected by SMM Weekly] the increase of waste stainless steel from high nickel pig iron to 135yuan / nickel point is greater than that of high nickel pig iron.
Apr 18,2020 23:50CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

"SMM Nickel Industry chain Weekly report", the weekly report SMM will select one of the hot topics, prices, market or major changes in the industry chain information published for your reference.

The following is an excerpt from the weekly report of the SMM nickel industry chain:

 

304 stainless steel waste price increased this week 200-300 yuan / ton, 304 material reported at 8500-8600 yuan / ton. Recently, the rise in the price of stainless steel waste, on the one hand, due to the rise in the price of stainless steel finished products led to the price of raw materials; on the other hand, due to the purchase of steel mills, but due to the impact of the epidemic, the resumption of construction was delayed, waste production was less in March, and the recycling and circulation of superimposed waste in the market also stagnated for nearly two months, resulting in a tight supply of goods in the market and a stronger price.

The price of scrap stainless steel has risen by more than the recent increase in high nickel pig iron, so the premium of high nickel pig iron over waste stainless steel has gradually expanded from 100 yuan / nickel point in early April to 135 yuan / nickel point this Friday.

 

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Current issue of "SMM Nickel Industry chain Weekly report" catalogue

Main points of this issue of Weekly report

Stainless steel current comparison: stainless steel period spot price difference once turned positive spot continues to rise in difficulty

Comparison of nickel period: nickel spot rise, weak and stable operation, price increase suppresses short-term transactions, but overall consumption is OK.

Nickel pig iron: steel mills purchase pull to the warehouse in view of the steel mill profit pressure is expected to be limited in this round

Scrap stainless steel: the increase of scrap stainless steel is greater than that of high nickel pig iron to 135 yuan / nickel point.

High carbon ferrochromium: high carbon ferrochromium plant is in a difficult situation to raise prices in the later stage may reduce production more

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[high-end report of China Nickel Industry chain] the monthly report of China Nickel Industry chain includes macro interpretation, review of nickel price within month, interpretation of hot events such as nickel ore, electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, etc., and simultaneous release of monthly relevant enterprise operating rate and inventory research and other data, covering the entire nickel industry chain.

[routine report of China Nickel Industry chain] the Weekly report of China Nickel Industry chain includes macro interpretation, review of nickel prices during the week, market trends such as electrolytic nickel, nickel pig iron, stainless steel and ferrochromium, weekly social inventory and future forecast, and a comprehensive interpretation of the nickel market during the week.

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