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[nickel Market Today] Shanghai Nickel sharply pulled up the lower reaches of the 60-day moving average.
Apr 20,2020 15:09CST
The content below was translated by Tencent automatically for reference.

[20 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 20 SMM Nickel Market Trends]

Electrolytic nickel and nickel pig iron

Nickel spot: SMM April 20: today SMM1 electrolytic nickel offer 99800-101900 yuan / ton. Basic metals rose in the morning market, including Shanghai nickel and stainless steel. Spot, today traders have turned to 05 contract quotation, Russian nickel to Shanghai nickel 2006 contract report 150 to post 100 yuan / ton, after the opening of a small number of transactions, nickel prices break through the 100000 mark, the transaction turned weak. Jinchuan nickel Shanghai nickel 2006 contract rose 1100-1200 yuan / ton, transaction is also very few, it is reported that a small number of manufacturers to pick up the goods, but only agreed on the price period, not settled yet. Today, Jinchuan Company ex-factory price of 101800 yuan / ton, it is reported that a small number of goods are sold in Shanghai. Nickel beans to Shanghai Nickel 2006 contract application of 600 yuan / ton.

[ex-factory Price of Jinchuan Company] SMM April 20: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 101800 yuan / ton, barreled small piece 103000 / ton, Jinchang quote 101350 yuan / ton, 3200 yuan / ton higher than last Friday.

SMM4 20: according to market understanding, a stainless steel plant in South China today 955 yuan / nickel point (to the plant including tax) procurement of Indonesian high nickel pig iron 10, 000 tons, the actual transaction last week. Compared with last week, the steel factory's initial inquiry price rose 45 yuan / nickel point, this week the nickel iron factory quotation is generally higher than 950 yuan / nickel point (ex-factory), the high nickel iron market psychological price follows the nickel price and the stainless steel price rises rapidly.

SMM4 20: with the nickel price and stainless steel prices rose sharply, high nickel pig iron market quotation today is higher than last week, iron plants and traders quoted in or above the 950 factory, some manufacturers have seen a thousand yuan, and the holder price psychology is strong, at present, there is no mainstream steel factory quotation inquiry.

Stainless steel

Foshan area stainless steel noon review] SMM April 20: early Zhou Foshan 200series and 300series cold rolling series once again slightly increased by 50 yuan / ton, last week the terminal take goods more actively, the market to the warehouse is obvious, but some operators said that this week the actual transaction situation may slow down, short-term steel prices are expected to run smoothly as a whole. In the quotation of steel products in Foshan on Monday, the price of state-owned 304 2B trimming volume increased slightly by 50 yuan / ton compared with last Friday's average price of 1330013500 yuan / ton, while that of private 3042B rough edge roll price was the same as that of last Friday's average price of 12800-12900 yuan / ton. 304 / NO. 1 5ft quotation held steady at 12400-12600 yuan / ton compared with last Friday's quotation, 13260 yuan / ton for 10:30 SHFE SS2006 contract, Foshan stainless steel spot posted 190290 yuan / ton. (spot trimming = rough edges + 170).

[Wuxi area stainless Steel Meridian Review] SMM April 20: after the opening of the previous issue today, the stainless steel 2006 contract rose upward, during which it once exceeded 13300 yuan / ton. Spot market quotation has also been adjusted to varying degrees, Wuxi 304 private cold rolling quoted 13000-13200 yuan / ton, the average price increased by 150 yuan / ton; hot rolling quoted 12600-12900 yuan / ton, the average price increased by 200 yuan / ton. 304 the average price of state-run edge cutting was increased by 150 yuan / ton to 13200-13400 yuan / ton. Some traders said that some of the specifications of 304 stainless steel in the market are still out of stock, the circulation of goods is not very abundant, and the subsequent prices may still be on the strong side, but the specific range of increase depends on the specific pick-up situation downstream. For 10:30 SHFE SS2006 contract price 13260 yuan / ton, Wuxi stainless steel spot water-90-110 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[SMM Steel Plant guidance Price] SMM April 20: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price was partially reduced by 200 yuan / ton compared with last Friday.


Domestic pure nickel stocks (including bonded areas) fell 1536 tons to 55463 tons, or 2.69 percent, from last week (April 10), according to SMM research. Among them, some nickel plates in the bonded area are out of the warehouse, but they have not yet flowed into China, and about 200 tons of nickel beans have flowed into the hidden warehouse in East China. On the aspect of the bonded area, it has been continuing the trend of lowering the warehouse since February, falling 179 tons this week. Jinchuan Company actively shipped this week, Jinchuan nickel transactions warmed up, and Russian nickel also had a certain out of stock. Nickel beans in and out of the recent offset, inventory is still maintained at about 2000 tons; East China recessive inventory fell by 657 tons as a whole.

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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