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[today's Nickel Market] Nickel Morning Market temporarily closed at the 40-day moving average spot market after the shock.
Jul 1,2020 13:57CST
translation
Source:SMM
The content below was translated by Tencent automatically for reference.

Nickel ore, nickel pig iron, nickel sulfate

Nickel spot: July 1: today's SMM1 Electrolytic Nickel quotation 101300 Mel 102800 yuan / ton, Nickel Morning Market recovered its 40-day moving average and soon fell back to around 101800 yuan / ton. At the end of the day, it once again stood on the 40-day average line of 102000 yuan / ton. Although the futures price is lower than yesterday, the market turnover has not picked up, and terminal demand is still weak. Russo Nickel to Shanghai Nickel 2008 contract offer 500 to 400 yuan / ton, the same as yesterday, morning trading volume is limited. Jinchuan Nickel to Shanghai Nickel 2008 contract was overquoted at about RMB800 / ton. The supply of goods in Shanghai is still tight. Some traders' supplies are expected to arrive tomorrow, and there will be a certain transfer of goods in the morning. Today the ex-factory price of Jinchuan is 102600 yuan / ton in Shanghai and 102150 yuan / ton in Gansu. The contract of Nickel Bean to Shanghai Nickel 2008 is still a discount of 1400 won 1300 yuan / ton.

Jinchuan company ex-factory price: Jinchuan company electrolytic nickel (big board) Shanghai quotation 102600 yuan / ton, barreled small pieces 103800 yuan / ton, Jinchang quotation 102150 yuan / ton, down 900 yuan / ton compared with yesterday.

On June 30th, the ex-factory price of SMM high nickel pig iron was 960 RMB965 per nickel spot (including factory tax), which was the same as the average price of the previous trading day. Today, there is no mainstream steel factory quotation inquiry, steel factory mentality with last weekend market 960 yuan / nickel point (including factory tax) price reported lower, a steel factory in eastern China with an inquiry price of 960 yuan / nickel point (including factory tax), has not yet known the deal, the price holder acceptance is limited, the willingness to ship is poor, the seller's psychology is mostly concentrated in 970,980 yuan / nickel point (including factory tax).

Stainless steel, ferrochromium

Stainless steel in Wuxi area: today, the spot price of stainless steel in Wuxi area is generally flat, 304 cold rolling reported 13300 won 13500 yuan / ton; hot rolling newspaper range 12850 Mel 12950 yuan / ton. Traders generally reflect that due to the influence of the traditional off-season, the current trading atmosphere in the stainless steel market is general. Qingshan Steel works this week opened the August futures price, the futures order is not active, at the beginning of the month, traders hold a wait-and-see mentality. Today, SHFE 10: 30 SS2008 contract price 13115 yuan / ton, Wuxi stainless steel spot water 355mur555 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

Foshan stainless steel: in early July, the 304 hot rolling mill in Foshan began to increase slightly by 50 yuan / ton, of which Delong and Dongte hot rolling market prices have been raised, but the actual transaction atmosphere is general, according to some traders that there is still room for bargaining in the lower reaches, and steel prices are mainly stable in the short term. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price than yesterday's average price stable at 14000won 14200 / ton, private 304Universe 2B rough edge curl than yesterday's average price stable at 13,250rel 13450 yuan / ton, 304 / NO. 1 five-foot quotation is the same as Monday's average price at 12800tel 12900 yuan / ton, to 10:30 SHFE SS2008 contract selling price 13115 yuan / ton, Foshan stainless steel spot water 355 color 555 yuan / ton. (spot trimming = rough edge + 170).

[steel recruitment trends-high-carbon ferrochromium] on July 1, 2020, the purchasing price of high-carbon ferrochromium in Jiuquan Iron and Steel Co., Ltd. is 6250 yuan / 50 base tons (including tax to factory price), which is 100 yuan / 50 base tons lower than the previous month. Due to full-load production, the purchase volume has increased. By August 10th.

[steel recruitment trends-high-carbon ferrochromium] on June 30, the procurement price of high-carbon ferrochromium in Desheng of Baosteel in July 2020 was 6300 yuan / 50 base tons (including tax to the factory price), down 100 yuan / 50 base tons from the previous month.

[steel recruitment Trends-High carbon ferrochromium] on June 30th, the purchase price of high carbon ferrochromium of Qingshan Group in July 2020 was 6297 yuan / 50 base, including tax to the factory price, and the receiving price of Tianjin Port was reduced by 150 yuan / 50 base. Delivery date before August 10, 2020

[SMM stainless Steel Plant Weekly Price] on June 30th, Jiuquan Iron and Steel Co., Ltd. 304. 430 Series stainless Steel Weekly settlement Price "check details.

[SMM stainless steel factory weekly trading price] 6.30mur7.6 Oriental special steel weekly trading price dropped by 100,000,200 yuan / ton compared with last week. "check the details.

[SMM steel mill guidance price] the spot daily guidance price of Wuxi Taiyuan Iron and Steel Co., Ltd. on June 30th is the same as that of yesterday. "check the details.

On July 1, the bidding prices of high-carbon ferrochromium in today's mainstream stainless steel factories were all settled, which were all down 100 yuan / ton compared with the previous month. Some operators said that this trend was basically in line with psychological expectations. At present, July and August are the traditional off-season of stainless steel, but at present, the estimated output of stainless steel plants in China is still high, individual stainless steel plants are in full production, and the possibility of a substantial reduction in the demand for high-carbon ferrochromium within the month is low. At the same time, the epidemic situation in South Africa is uncertain. The price of the outer disk of 40% of the chromium concentrate in South Africa is firm at the relatively high level of US $160 / ton, and the short-term cost support is also strong.

[inventory of pure nickel in Shanghai bonded warehouse increased by 400 tons to 16000 tons this week]

According to SMM, the inventory of pure nickel in Shanghai Free Trade Zone increased by 400 tons to 16000 tons last Wednesday compared with the previous Friday. The exchange rate has fallen slightly this week, but the import loss is still high and there is still no trading in foreign trade in the bonded area. This week, there are long-term nickel plates coming to Hong Kong to enter the bonded area, and another part of the goods enter the domestic social warehouse. As a result, as of last Wednesday, the inventory of pure nickel in the Shanghai Free Trade Zone was 16000 tons, an increase of 400 tons over the previous Friday.

On June 24th, according to a survey conducted by SMM, the inventory of nickel mines in all ports across the country dropped 100000 wet tons to 7.99 million wet tons compared with the previous week, with a total metal volume of 65000 tons, a decrease of 800 nickel tons compared with June 19. Among them, the inventory of nickel mines in the country's seven major ports was 6.95 million tons, a decrease of 100000 tons compared with June 19.

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