[today's Nickel Market] at the beginning of the week, most of the spot transactions of high-level shock nickel in Shanghai were Jinchuan nickel.

Published: Jul 13, 2020 14:10

Nickel ore, nickel pig iron,

Nickel spot: July 13: today's SMM1 Electrolytic Nickel quotation 107100PUE 108200 yuan / ton. Nickel morning market opened high concussion, 08 contract shock in the vicinity of 108000 yuan / ton, nickel prices continue to restrain trading, strong now weak continuation. In terms of discount, Russo Nickel to Shanghai Nickel was overquoted at about 500 yuan / ton, while individual consignors were less willing to ship goods, with a sticker of 400 yuan / tonne, waiting for the delivery date to change months, and Russo Nickel made few transactions in the morning. Jinchuan Nickel to Shanghai Nickel 2008 contract rose 300,400 yuan / ton, due to Shengshui remained low, trading volume is temporarily better than Russo Nickel, Jinchuan Company Shanghai ex-factory price of 108000 yuan / ton, Gansu area 107550 yuan / ton, manufacturers continued to actively ship downgrade water, traders actively received goods in Gansu. Nickel beans to Shanghai Nickel 2008 contract quoted price of 1500 yuan / ton.

[ex-factory price of Jinchuan Company] SMM July 13: Jinchuan Electrolytic Nickel (big board) quoted price of 108000 yuan / ton in Shanghai and 107550 yuan / ton in Jinchang, an increase of 2000 yuan / ton compared with last Friday.

Stainless steel, ferrochromium

[Wuxi stainless steel afternoon review] SMM July 13: today, Wuxi stainless steel cold rolling price is flat, 304 cold rolling reported 13450 Mel 13650 yuan / ton; 304 hot rolling quotation slightly increased by 50 yuan / ton compared with last Friday, merchants said it was a normal adjustment rate of 12950 RMB13050 / ton. At present, the spot price of stainless steel is stable as a whole, and the price of stainless steel futures contract and the price of nickel have increased slightly in the early stage, but at present, when the demand is weak, the price is still stable. The price of stainless steel futures contract is stronger today, which is slightly higher than the spot price. Today, SHFE 10: 30 SS2009 contract price 13650 yuan / ton, Wuxi stainless steel spot Shengshui-30mur170 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

[Foshan stainless steel afternoon review] SMM July 13: Monday South China 300 series and 400 series plate transaction performance is good, some traders said that individual specifications have signed August futures, in addition, Foshan region part of the early shortage status is slightly alleviated, some new goods resources on-site delivery order, but the overall trading atmosphere of 200 series steel market is light, steel prices are temporarily stable. Foshan area steel quotation, the state-owned 304gambit 2B trimming curling price is stable at 14200pm 14400 yuan / ton compared to the average price last Friday, private 304Unix 2B rough edge curl last Friday average price slightly increased by 50 yuan / ton at 13500 NO. 13700 yuan / ton, 304 / NO. 1 five-foot quotation was unchanged at 12900Rime 13100 yuan / ton, to 10:30 SHFE SS2008 contract selling price 13625 yuan / ton, Foshan stainless steel spot water 45,245 yuan / ton, the price is the same as last Friday's average price at 12900MB 13100 yuan / ton, and the spot water price of Foshan stainless steel spot is 45,245 yuan / ton, compared with the average price last Friday. (spot trimming = rough edge + 170).

SMM7 March 13: today's upstream chrome ore quotation to maintain stability last week, of which 42% of South Africa's 40 per cent concentrate quoted 29.5mur31 yuan / tonnage, keeping shipments trader transactions have all reached 29.5 yuan / tonnage, and there are still individual traders in a closed state. The national price of high-carbon ferrochromium is more stable, with quotations of 5900 won 6200 yuan / 50 base tons in the northern market and 6300mur6400 yuan / 50 base tons in the southern market. The quoted price and transaction price have not changed significantly compared with last week. Today, the rare heavy rain of the Commission for discipline Inspection in Inner Mongolia has seriously affected some manufacturers. Rain has flooded into the plant, making it impossible to produce. Some manufacturers have said that production will temporarily stagnate these days, and the delivery time of orders may be slightly delayed.

[SMM pure nickel domestic stock increased by 486t compared with last Friday]

According to SMM, as of Friday, the social inventory of), SMM pure nickel was about 42800 tons, an increase of 486tons from last Friday. This week, inventories in the previous period increased by 73 tons to 29495 tons. Hidden inventories in East China increased by 383 tons to 13005 tons, of which nickel bean stocks fell by 1200 tons to 2700 tons, while more than 1,000 tons of nickel plates were declared to be imported one after another, resulting in an overall increase in spot warehouse inventories. Guangdong Southern Reserve stocks rose 30 tons to 280 tons this week. According to the survey, the import of nickel beans will be reduced in the later stage, and the inventory of nickel beans will gradually decline, while in terms of nickel plate, if the consumption is not good, it may continue the trend of base storage.

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[today's Nickel Market] at the beginning of the week, most of the spot transactions of high-level shock nickel in Shanghai were Jinchuan nickel. - Shanghai Metals Market (SMM)