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[today's Nickel Market] Shanghai Nickel continues its rising trend and the downstream demand is poor, so the turnover is light.
May 20,2020 15:15CST
Today, SMM1 Electrolytic Nickel is quoted at 102600 RMB103500 per ton.
The content below was translated by Tencent automatically for reference.

Price of SMM Nickel products on May 20th

SMM Ni-Cr stainless steel routine report, you can receive the latest information in time in the morning, noon and closing time, contact: Liu Yuqiao, 15900822445 (same as WeChat account).

The trend of SMM Nickel Market on May 20th

Electrolytic nickel

Nickel spot: SMM May 20, today SMM1 Electrolytic Nickel quotation 102600 Mel 103500 yuan / ton. Today, Shanghai Nickel continued to rise, with the early trading price rising 103000 yuan / ton, falling below 102500 yuan / ton after the second trading session. In the spot market, the quotation for rising water in the morning is basically stable compared with yesterday, the downstream demand is poor so that the transaction is light, the circulation between traders is also inactive, and the bidder is obviously more than the consignee. Today, Russo Nickel to Shanghai Nickel 2007 contract quoted 100 yuan / ton to Pingshui. Some traders believe that Shanghai Nickel continues to strengthen, even if the rise of the sticker can not promote the transaction; a small number of holders who have adjusted the price of Russo Nickel to 100 yuan / ton, the trading volume is still limited. As for Jinchuan Nickel, traders reported an increase of about 1100 yuan / ton for the Shanghai Nickel 2007 contract, and the transaction was light in the morning. However, the factory shipped Jinchuan No.1 Nickel today, and the ex-factory price in Gansu area was 102450 yuan / ton. Long Association traders enthusiastically picked up the goods in Jinchang one after another. In terms of nickel beans, the rising sticker water continued to decline, and the Shanghai Nickel 2007 contract was quoted at 900yuan / ton.

[ex-factory price of Jinchuan Company] SMM May 20: Jinchuan Electrolytic Nickel (big board) quoted price of 102900 yuan / ton in Shanghai, 104100 yuan / ton in barreled small pieces, and 102450 yuan / ton in Jinchang, 300 yuan / ton higher than yesterday.

Stainless steel

[Wuxi stainless steel afternoon review] SMM May 20: today, Wuxi stainless steel cold rolling quotation is generally stable, 304amp 2B rough edge coiling price range 13600lb 13800 yuan / ton; 304mm hot rolling slightly increased 50 yuan / ton, 304 / NO.1 13250Mir 13350 yuan / ton; 304mp 2B factory coiling price 1390014100 yuan / ton, the average price increased by 100 yuan / ton. Today, the price of 304 private cold rolling is stable, but traders reflect that the transaction atmosphere is light and there are fewer inquiry orders; the situation of hot rolling is slightly better than that of cold rolling, and some traders report a slight increase of 50 yuan per ton due to the increase in nickel price, but the overall transaction is general. Some operators believe that if the downstream demand can not continue to follow up, the price of stainless steel may fall. At noon, Qingshan Steel Plant announced the price of the July order, and the hot and cold rolling price was the same as the last offer. For 10:30 SHFE SS2007 contract price is 13460 yuan / ton, Wuxi stainless steel spot water is 310 RMB510 / ton. (spot trimming = rough edge + 170 yuan / ton)

[Foshan stainless Steel afternoon Review] SMM May 20: the cold and hot rolling prices of all departments in Foshan area are strong and the rising atmosphere is strong, with an increase of 100 yuan / ton. According to some traders, with the guidance price of mainstream steel mills gradually rising, the price of spot resources in the market is on the rise, but the enthusiasm of downstream demand for taking goods is general, and there is still a profit in the actual transaction of steel. In the short term, it is expected that the stainless steel in Foshan area will not be strongly affected by the demand performance or will operate stably temporarily. In terms of quotations for steel products of various departments in Foshan, the price of state-owned 304cm 2B trimming coil is 100 yuan / ton higher than yesterday's average price at 14,100 won 14,400 yuan / ton, private 304hand 2B rough edge roll is slightly higher than yesterday's average price by 50 yuan / ton at 13600 NO. 13900 yuan / ton, 304 / NO. 1 five-foot quotation is 50 yuan / ton higher than yesterday's quotation at 13,100,13300 yuan / ton, for 10:30 SHFE SS2007 contract selling price 13460 yuan / ton, Foshan stainless steel spot water 310 cents 610 yuan (spot trimming = rough edge + 170).

[stainless steel stock price-304cold rolling] SMM May 20: Guangdong Yongjin five-foot cold rolling guide price of 13600 yuan / ton on May 20, July sheet, the same as the previous June offer price

[stainless steel stock price-304cold rolling] SMM May 20: Fujian Yongjin cold rolling four-foot guide price of 13400 yuan / ton, July sheet, the same as the last offer price.

SMM May 20: the July sales guidance price of Qingshan 304 hot-rolled plate is 13100 yuan / ton, which is the same as the June single price announced on May 18.

[SMM Steel Plant guidance Price] SMM May 20: the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. is the same as yesterday.

[SMM stainless Steel Plant Weekly Price] SMM May 19: Jiuquan Iron and Steel 304amp 430 Series stainless Steel Weekly settlement Price

[SMM stainless Steel Factory Weekly Price] SMM May 19: Oriental Special Steel Stock Price fell by 100,000,200 yuan / ton this week.


According to SMM, the inventory in the last period of this week decreased by 211t, although warehouse receipt inventory increased, but at the same time there were more non-deliverable Russian nickel out of the warehouse. In terms of hidden inventory in East China, except for the arrival of Jinchuan nickel, nickel plates in the bonded area flowed into the country, so the inventory increased by 596 tons to 9829 tons; in the bonded area, the import window briefly opened on Monday, and it is reported that there were a small number of transactions in the bonded area. as a result, nickel plate inventory decreased by 500 tons. To sum up, SMM domestic nickel stocks (including bonded warehouses) this week decreased by a total of 115t, or 0.21%, to 54200 tons compared with last week.

Nickel Research Group of Nonferrous Metals Department

Liu Yuqiao: + 86 Murray 21 Mutual 51666804 / liuyuqiao@smm.cn

Li Chuntian: + 86 Murray 21 Murray 51666817 / springli@smm.cn

Zhang Lingying: + 86 Murray 21 Mutual 51666901 / zhanglingying@smm.cn

Zhao Ming: + 86 Mui 21Mui 516666780 / tylerzhao@smm.cn

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