Home / Metal News / [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.

[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.

iconJul 14, 2020 13:53
Source:SMM

Nickel ore, nickel pig iron,

Nickel spot: July 14: 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 14: Jinchuan Electrolytic Nickel (big board) quoted price of 108500 yuan / ton in Shanghai and 108050 yuan / ton in Jinchang, 500 yuan / ton higher than yesterday.

Stainless steel, ferrochromium

[Wuxi stainless steel afternoon review] SMM July 14: today, Wuxi spot cold and hot rolling prices of stainless steel are slightly raised, 304cold rolling reported 13550mur13750 yuan / ton, are higher than 100 yuan / ton; 304hot rolling today reported 13050Muth13150 yuan / ton, are 100 yuan / ton higher than yesterday; large factory cold rolling trimming price of 14000,14,100 yuan / ton, are higher than 50 yuan / ton. Recently, due to the increase in the futures price of nickel and stainless steel, it has a certain stimulating effect on the spot price. Superimposed on the current stainless steel market, there is not much liquidity in the spot market, and there is a certain support for the price, so the spot price trend is strong at present. Today, the stainless steel futures contract is still at a slight discount to the spot price, SHFE10 point 30 SS2009 contract price 13580 yuan / ton, Wuxi stainless steel spot price 140mur340 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

[Foshan stainless steel afternoon review] SMM July 14: Foshan market 300 series cold and hot rolling rose slightly today compared with yesterday, with an increase range of 100 yuan / ton. Most traders said that the recent downstream terminal took a small increase in goods, and the short-term steel price as a whole maintained a stable operation, but there are also many businessmen who are optimistic about the short-term situation. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price increased by 50 yuan / ton compared to yesterday's average price at 14,250 Mel 14450 yuan / ton, private 304Universe 2B rough edge curl was stable at 13500 NO. 13700 yuan / ton than yesterday's average price, 304 / NO. 1 five-foot quotation was higher than yesterday's average price by 50 yuan / ton at 12950,13150 yuan / ton, to 10:30 SHFE SS2008 contract selling price of 13580 yuan / ton, Foshan stainless steel spot water rose 90,290 yuan / ton. (spot trimming = rough edge + 170).

SMM7 March 14: the ironmaking and steelmaking project of Baosteel Desheng Hot Acid Line will be put into production in the fourth quarter of next year. It is reported that the planning and construction of the project is the most critical move to solve the development of Desheng in Baosteel. The progress of the construction of the green industrial base project in the early stage has been affected by the epidemic. In the later stage, we should seize the construction period on the premise of ensuring quality and safety, and concentrate resources to speed up the construction of the project. Ensure that Baosteel Desheng 1780 hot rolling and 1600 pickling heat load test run in the fourth quarter. The ironmaking and steelmaking project of Desheng of Baosteel will be put into full operation in the second quarter of next year, in order to completely solve the problems of single structure and specification, unstable quality, mismatch with cold rolling production line and lack of market competitiveness. strive to achieve production, standards and efficiency as soon as possible.

[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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