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[today's Nickel Market]

iconJul 22, 2020 14:10
Source:SMM

Nickel ore, nickel pig iron, nickel sulfate

Nickel spot: July 22nd, SMM1 Electrolytic Nickel quotation 106600mur107700 yuan / ton. Last night, Shanghai nickel rose sharply with the price of crude oil and precious metals, and the nickel 08 contract rose and fell 107000 yuan / ton after first-line shock adjustment. On the spot side, downstream demand has been suppressed, only some traders are receiving low-priced goods, and the trading atmosphere is light again. Russo Nickel to Shanghai Nickel 2008 contract quoted 450 yuan / ton to 400 yuan / ton, few transactions in the morning. Jinchuan Nickel to Shanghai Nickel 2008 contract rose 400 won 500 yuan / ton, Jinchuan ex-factory price is 107300 yuan / ton, although there is a supply for sale in Shanghai, but there is no obvious advantage over the market price, long Association customers are generally willing to receive goods. As for nickel beans, the offer is 1200 yuan / ton, and the inquiry is also not good.

[ex-factory price of Jinchuan Company] on July 22nd, Jinchuan Electrolytic Nickel (big board) was quoted at 107300 yuan / ton in Shanghai and 106850 yuan / ton in Jinchang, an increase of 1300 yuan / ton compared with yesterday.

Stainless steel, ferrochromium

[Wuxi stainless steel afternoon review] Today, the spot price of stainless steel in Wuxi is mainly flat, with 304 cold rolling coiling price range of 13500 RMB13700 / ton and 304 hot rolling price of 13000Mel 13100 yuan / ton. Today, the trading atmosphere of stainless steel market is OK. The futures prices of the previous period strengthened slightly, and some spot traders increased by 50 yuan / ton, but the overall trend is still holding the trend. Today, SHFE10 point 30 SS2009 contract price is 13595 yuan / ton, Wuxi stainless steel spot water 75Me 275 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)

[Foshan stainless steel afternoon review] Today, the steel prices of all series in Foshan area have maintained stable operation as a whole, and most of the merchants have made profits at the end of the month, but the actual transaction reflection in the market is not optimistic. Supported by the steel mill guidance price in the later stage, the 300 series cold and hot rolling market price may be in stable operation. Foshan area steel quotation, the state-owned 304Universe 2B trimming curling price than yesterday's average price stable at 14,200 million / ton, private 304Universe 2B rough edge curl than yesterday's average price stable at 13450 NO. 13650 yuan / ton, 304 / NO. 1 five-foot quotation is unchanged at 12950 arm 13150 yuan / ton, to 10:30 SHFE SS2009 contract selling price 13595 yuan / ton, Foshan stainless steel spot water 25,225 yuan / ton. (spot trimming = rough edge + 170).

[SMM stainless steel factory weekly trading price] 7.21mur7.27 Dongfang Special Steel weekly trading price is the same as last week. "check the details."

[SMM stainless Steel Factory Weekly Price] SMM July 22: Jiuquan Iron and Steel 304Unix 430 Series stainless Steel Weekly settlement Price check details

On July 22, the high-carbon ferrochromium market maintained stable operation this week. The cash ex-factory price of high-carbon ferrochromium in Inner Mongolia is 5900mur6000 yuan / 50 base tons, the northwest region is 5900mur6100 yuan / 50 base tons, and the Sichuan area is 6200mur6300 yuan / 50 base tons. The price of upstream chromium ore has changed greatly in recent days. The latest outer disk price of South Africa 40 per cent chromium concentrate is 132 US dollars / ton, which is 23 US dollars / ton lower than that of the previous round. The domestic port price is about 27 yuan / tonnage, so the production cost of ferrochrome has dropped accordingly. While there are inventory manufacturers in the north and recent steel moves soon, the willingness of chromite manufacturers and chromium ore traders to relax prices is relatively low, so as to avoid excessive drop in steel prices. It increases the loss of high-cost inventory.

[SMM pure nickel domestic stock increased by 2555 tons to 45335 tons compared with last Friday]

According to SMM, as of Friday, the social inventory of), SMM pure nickel was about 45300 tons, an increase of 2555 tons from last Friday. This week, the inventory of the previous period increased by 2348 tons to 31843 tons, with some new imports and spot warehouse sources to be shipped to the delivery depot, and warehouse receipts will be made one after another. Hidden inventory in East China increased by 197t to 13005 t. This week, some electrolytic nickel was stored at Gansu smelter and Jilin smelter in Shanghai, so this week's hidden inventory in East China increased by 197t compared with last week. Guangdong Southern Reserve inventory increased to 290 tons. To sum up, pure nickel weakened this week, superimposed imports and domestic nickel plate arrival, domestic social inventory increased by 5.97%, the third consecutive week of base warehouse.

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