May 7 May Price of SMM Nickel products
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).
May 7 SMM Nickel Market Trends
Nickel spot: SMM May 7, today SMM1 electrolytic nickel quoted 101400-103000 yuan / ton, Russian nickel spot Shanghai nickel 2006 contract reported 50 yuan / ton to Pingshui, Jinchuan nickel due to yesterday's low price outflow, today's Shanghai nickel 2006 contract rose 1200-1300 yuan / ton. After the Shanghai nickel rush high yesterday, today's high shock, downstream fear of high wait-and-see, the current inquiry is weaker, the morning market transaction is relatively light. Some in the market are of the view that the reduction of the discount rate will not improve the transaction, so the willingness to reduce prices is relatively low. Today, the ex-factory price in Jinchuan and Shanghai is 103200 yuan / ton, and the goods can only be picked up in Jinchang area. The contract between Nippon Bean and Shanghai Nickel 2006 is quoted at 700yuan / ton.
[ex-factory Price of Jinchuan Company] SMM May 7: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 103200 yuan / ton, barreled small pieces 104400 yuan / ton, Jinchang quoted 102750 yuan / ton, 3200 yuan / ton higher than yesterday.
SMM, May 7 / PRNewswire-FirstCall-Asianet /-Today, in Foshan, except for the overall stable and weak prices of 400series steel, the futures prices of 200series and 300series cold and hot rolled steel gradually moved up after the festival, and the cost of raw materials in the market increased and the effect of taking goods to the warehouse before the downstream festival was significantly improved. Therefore, many businesses said that in the short term, the release of downstream demand is still the main performance, while the other 200series cold and hot rolling increases are not significant. Some businesses have indicated that they will give priority to flexible pricing and shipment. Today, Foshan area each department steel market quotation situation, among them the state-owned 3042B trimming roll price increases 50 yuan / ton compared with yesterday's average price at 1355013750 yuan / ton, the private 3042B rough edge roll price increases sharply 200 yuan / ton in 13250-13350 yuan / ton compared with yesterday, 304 / NO. 1 5ft quotation shows a substantial increase of 250yuan / ton compared with before the festival, reported in 12900-13000 yuan / ton, to 10:30 SHFE SS2007 contract buyer 13205 yuan / ton, Foshan stainless steel spot water 215315 yuan / ton. (spot trimming = rough edges + 170).
SMM May 7: stainless steel contract prices and June steel prices rose, Wuxi 300 series stainless steel prices generally rose today, most traders have adjusted prices yesterday afternoon, 304 2B rough edge roll price range 13300-13400 yuan / ton, the average price is 250 yuan / ton higher than yesterday; 304/NO.1 quoted 13000-13100 yuan / ton. The average price will be increased by 300 yuan per ton. As far as the market understands, after yesterday's price increase, the transaction atmosphere is active, and the order is hot. On the one hand, because some downstream enterprises are in the state of net consumption of inventory during the holiday, there is now part of the procurement demand; on the other hand, the price increases, for the downstream mood of buying up but not buying down, the purchase is positive, therefore, the transaction is good. For 10:30 SHFE SS2007 contract price 13205 yuan / ton, Wuxi stainless steel spot water 265-365 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)
[SMM Steel Plant guidance Price] SMM May 7: Wuxi Taiyuan Iron and Steel Co., Ltd. Spot daily guidance price was partially raised by 200-300 yuan / ton compared with yesterday.
Domestic nickel stocks, including inventory of previous warehouse receipts, fell 201 tonnes, or 0.37 per cent, from last week to 55000 tonnes. Domestic stocks (except bonded warehouses) are about 37800 tons, of which nickel beans are reduced by 500 tons to 1800 tons, and nickel plates are about 3.6 tons. Inventories fell 40 tons, or 0.15%, earlier this week. The original warehouse receipt inventory in Shanghai has decreased by about 500 tons, but at the same time, some imported goods have directly entered the Shanghai delivery warehouse after customs clearance, and will gradually become warehouse receipt inventory, so the inventory changes in the previous period are relatively small. Hidden inventories in eastern China rose 639 tonnes from last week, also from recent imports of nickel plates, while stocks of pure nickel in the Shanghai bonded area were 17100 tonnes, down 800 tonnes from last week. It is reported that some of the goods that have recently arrived at Hong Kong are still in the customs declaration process and will not flow to bonded area warehouses for the time being.
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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