Nickel ore, nickel pig iron, nickel sulfate
Nickel spot: today's SMM1 Electrolytic Nickel reported 110400-111300 yuan / ton, today's nickel futures continue to fluctuate above the 110000 mark, superimposed today is the last day at the end of the month, so downstream purchasing intention is weak, traders gradually leave after mutual inquiries, the spot market atmosphere appears to be very light. The price of rising and sticking water has not changed much, the quotation of deliverable Russian nickel is about 300 yuan / ton for Shanghai Nickel 09 contract, a small amount of non-deliverable Russian Nickel to Shanghai Nickel 09 contract is 400 yuan / ton; Jinchuan Nickel to Shanghai Nickel 09 contract is mostly quoted at 300 yuan / ton. The ex-factory price of Jinchuan is 110300 yuan. Tons, which is the same as the ex-factory price in the first three trading days of this week; today, the manufacturers shipped a small amount in Shanghai, but gradually withdrew sales after the return of Shanghai nickel in late trading. In terms of nickel beans, traders are willing to replenish the stock, but there are few quotations on the floor, and the discount is expected to be about 1000 yuan / ton for 09 contracts.
[ex-factory price of Jinchuan Company] on July 31, Jinchuan Electrolytic Nickel (large Board) was quoted at 110300 yuan / ton in Shanghai and 109850 yuan / ton in Jinchang, down 1500 yuan / ton from yesterday.
On July 30th, the ex-factory price of SMM high nickel pig iron was 970,975 yuan / nickel point (including factory tax), which was 7.50 yuan / nickel point higher than that of the previous trading day. Today, the transaction price of high nickel pig iron in a special steel factory in East China is 1000 yuan / nickel point (to the factory), with a turnover of thousands of tons. Large domestic stainless steel factories have also purchased one after another, the procurement is concentrated, the market trading is active, the negotiation price has also reached the thousand yuan mark, and the market price has risen rapidly. The main reason is that steel mills have rigid demand for stock, nickel iron follows the trend of rising nickel price, the buyer has a certain degree of acceptance to the rise of nickel iron price, it is afraid that the raw materials will continue to rise and speed up the pace of purchasing. In addition, the price of nickel ore continues to rise with the continuous demand, and the iron and nickel plants are willing to push up the price under the support of raw materials, coupled with the fact that the amount of Indonesian iron returning to the country has not increased significantly as expected, and the supply of goods in the market has tightened. Under the circumstances of good supply and demand, iron prices have a certain upward momentum.
On July 30th, a steel factory in East China purchased high nickel pig iron at a purchase price of 1000 yuan / nickel point (including tax to the factory). At present, it has been known that the turnover is 2000 tons.
On July 30th, nickel in the near future showed an upward trend, and battery-grade nickel sulfate continued to rise. The current quotation is 24500-25500 yuan / ton, and the actual market transaction price is 24300-24800 yuan / ton (nickel sulfate crystal, including one-month account period, bank acceptance). Most of the large nickel sulfate factories do not have a strong intention to ship this week. On the one hand, the inventory of nickel sulfate plants is small; on the other hand, nickel sulfate plants are bullish on late-stage nickel. The overall turnover this week is relatively light.
Stainless steel, ferrochromium
[Wuxi stainless steel afternoon review] Today, the spot cold rolling price of stainless steel in Wuxi continued to rise, with the cold rolling coiling price range of 13800-14000 yuan / ton, 100 / ton higher than yesterday's average price, and the hot rolling quotation was basically flat at 13250-13350 yuan / ton. Spot price of stainless steel continues to be strong, Yongjin cold-rolled supply has been reported to 13700 yuan / ton base price, Delong source base price in the vicinity of 13450-13500 yuan / ton. Hot rolling held steady at 13300 yuan / ton. The market reflects that the transaction is OK this week, so there is also a certain rise in stainless steel prices. It is reported that in the past two days, some sources of goods have reached the market, but the replenishment of goods volume is limited, and the situation of a small supply of goods in the market may continue. Today, the SS2009 contract price for SHFE10 point 30 is 13880 yuan / ton, and the spot price of Wuxi stainless steel is 90-290 yuan / ton. (spot trimming = rough edge + 170 yuan / ton)
[Foshan stainless steel afternoon review] the average price of 300 series cold and hot rolling in South China on Friday showed an obvious upward trend compared with that at the beginning of the week, mainly due to the upward guidance of nickel prices, increased shipping sentiment at the end of the month, and a strong market quotation atmosphere. the actual transaction performance of the spot in the week is average, but the current mainstream steel mill guidance price has not been released yet, so there are many adjustments in the overall stable steel prices in the short term. In terms of quotations for steel products of various departments in Foshan, the price of state-owned 304 NO. 2B trimming coil is 100 yuan / ton higher than yesterday's market average price at 14350-14650 yuan / ton, private 304 hand 2B rough edge roll is significantly higher than yesterday's average price at 13700-14000 yuan / ton, 304 / NO. 1 five-foot quotation is slightly higher than yesterday's average price of 50 yuan / ton overall quoted at 13200-13400 yuan / ton, for 10:30 SHFE SS2009 contract selling price 13880 yuan / ton, Foshan stainless steel spot discount 10 to 290 yuan / ton. (spot trimming = rough edge + 170).
[steel recruitment Trends-High carbon ferrochromium] on July 30th, the bidding price of high carbon ferrochromium in August of Hegang Group was 6350 yuan / 50 base tons, with acceptance including tax, which was reduced by 250 yuan / 50 base tons compared with the previous month, with a total bid volume of 166tons.
[SMM six social stocks of pure nickel decreased by 303 tons compared with last Friday]
According to SMM, as of Friday, SMM's total pure nickel inventory was 47046 tons, down 303 tons from last Friday. This week, the overall inventory of the six places in the country offset each other, of which the spot transaction in Shanghai at the beginning of the week is OK, and there is a certain exit from the downstream after bargain purchasing; the storage comes from nearly a thousand tons of Russian nickel arriving in Hong Kong, which will still be used for warehouse receipt delivery, and it is reported that it has been put into storage today. There has been a small increase in warehouses in Tianjin and the replenishment of Jinchuan nickel by traders. Inventory in Liaoning area decreased slightly, mostly Russian nickel out of the warehouse, local Bofeng nickel plate inventory remained unchanged; Jiangsu and Zhejiang inventory is still flat than in the previous period. Overall, the inventory of the three places in East and South China decreased by 303 tons, while the inventory of the six places across the country decreased by 467 tons.
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