April 29th SMM Nickel Product Price
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April 29 SMM Nickel Market Trends
Electrolytic nickel and nickel pig iron
Nickel spot: SMM April 29, today SMM1 electrolytic nickel quoted 100800-102600 yuan / ton, the average price rose 850 yuan / ton yesterday. Today, Shanghai nickel opened higher and lower gradually, but the center of gravity is still running above 100000, the spot discount is more stable than yesterday, trading also continues to be light. Russian nickel to Shanghai nickel 2006 contract to post 100 yuan / ton to Pingshui, discount source has sporadic transactions, Pingshui quotation is more difficult to ship. Jinchuan nickel to Shanghai nickel 2006 contract rose 1300-1400 yuan / ton, there is a little circulation between traders, downstream demand is weak. Jinchuan ex-factory price quoted 101600 yuan / ton, but the disk gradually lower, and the Shanghai area continues to be out of stock, it is expected that traders are less willing to receive goods. Nickel beans to Shanghai Nickel 2006 contract is still reported at 700 yuan / ton.
[ex-factory price of Jinchuan Company] SMM April 29: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 101600 yuan / ton, barreled small piece 102800 yuan / ton, Jinchang quotation 101150 yuan / ton, the same as yesterday.
SMM, April 28 / PRNewswire-Asianet /-the price of SMM high-nickel pig iron was quoted today at 950,960 yuan / nickel point (including ex-factory tax), flat from the previous trading day. Transactions in the market are relatively light today. Mainstream iron factory quotation still maintains more than 950 factory, large nickel iron factory quotation to 1010-1030 factory. According to market research, pre-festival steel plant replenishment demand is currently weak, most manufacturers nickel and iron inventory has reached the end of May, and the recent stainless steel rising power decline, the price is difficult to strengthen, raw material purchase price acceptability is also difficult to rise.
[Foshan stainless Steel Meridian Review] SMM April 29: pre-festival spot resources in South China transaction atmosphere is light, although there are traders pre-festival replenishment, but the downstream demand release performance is still worried, so the post-festival market wait-and-see sentiment increases, it is expected that short-term steel prices may be stable or small margin to make a profit. Foshan area steel quotation, the state-owned 304 2B trimming volume price is more stable than yesterday's average price at 13500-13700 yuan / ton, private 3042B rough edge volume price is more stable than yesterday's average price at 1295013150 yuan / ton, 304 / NO. 1 five feet quotation is more stable than yesterday's quotation at 12600-12800 yuan / ton, the 10:30 SHFE SS2006 contract selling price 12945 yuan / ton, Foshan stainless steel spot water 175-375 yuan / ton. (spot trimming = rough edges + 170).
SMM, April 29 / PRNewswire-FirstCall-Asianet /-Today, the prices of stainless steel in all departments in Wuxi are stable, with 304 2B rough edges quoted at 12800-13300 yuan / ton, 304 2B state-run cutting edges at 13200-13400 yuan / ton, and 304/NO.1 at 12600-12900 yuan / ton. As Labour Day holiday approaches, trading in the spot market is flat and prices are stable. Most traders have a wait-and-see attitude towards the future. After the supply of steel mills arrives in the market in May, they have to judge the price trend by looking at the overall demand situation. The position of the SS2006 contract continued to decline sharply this week, as of today's lunch break, the SS2006 contract fell below 12800 yuan / ton, the top 5 / 10 moving average resistance is strong, showing a weakening trend. And the SS2007 contract has become the main position contract. For 10:30 SHFE SS2006 contract price 12945 yuan / ton, Wuxi stainless steel spot water 25-525 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)
[SMM steel plant guidance price] SMM April 29: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price is the same as yesterday.
[SMM stainless steel factory weekly price] SMM April 28: Dongfang special steel price fell 200-400 yuan / ton this week
[SMM stainless Steel Factory Weekly Price] SMM April 28: 30430 Series stainless Steel Weekly settlement Price in Jiuquan Iron and Steel Co., Ltd.
According to SMM, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt inventory, was down 403 tons, or 0.73 per cent, from last week to 55000 tons. Domestic stocks (except bonded warehouses) are about 37100 tons, including about 2300 tons of nickel beans and 34800 tons of nickel plates. Inventories fell 505 tons, or 1.81%, earlier this week, with warehouse receipts reduced by warehouses in Shanghai. The hidden inventory in East China increased by 102 tons compared with last week, mainly because the stock of imported nickel beans increased to 2300 tons after the original factory was imported into the warehouse, although the imported nickel plate was put into the warehouse, the overall income was not enough to make ends meet, and the domestic nickel plate continued to be in the state of falling into the warehouse. Shanghai Free Trade Zone refined nickel inventory of 17900 tons, compared with last week, it is reported that nearly 1,000 tons of nickel plate and nickel beans to Hong Kong, but is currently in the customs import process, will not flow into the bonded area warehouse, is expected to enter East China hidden warehouse and middle storage and delivery warehouse next week.
Nickel Research Group of the Ministry of Nonferrous Metals
Liu Yuqiao: + 86-21-51666804 / firstname.lastname@example.org
Li Chuntian: + 86-21-51666817 / email@example.com
Zhang Lingying: + 86-21-51666901 / firstname.lastname@example.org
Zhao Ming: + 86-21-516666780 / email@example.com
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