Review of Nickel Pig Iron Trading Day on April 21

SMM4, 21 March:

The price of SMM high nickel pig iron was quoted today at 910-950 yuan / nickel point (ex-factory including tax), which was flat from the previous trading day. Today, a special steel factory in East China today high nickel pig iron inquiry price 960 yuan / nickel point (to the factory including tax), according to market understanding, there have been a small number of transactions. Nickel price fell slightly, iron factory psychological price is still higher than 950 yuan / nickel point (ex-factory including tax), the mainstream stainless steel factory today no inquiry. The price of high nickel pig iron continued to rise, the main driving force of the rise is: 1. The production of the nickel iron plant is reduced greatly, and the supply end is tighter than before; 2. When the nickel price increases, the economy of the rest of the nickel raw materials becomes worse than that of nickel and iron. 3. The inventory of nickel mine is low, and the iron factory is more willing to bid.