[SMM Weekly selection] strong mineral prices, strong demand and double advantages push the price of Ferro-nickel skyrocketing.

"SMM Nickel Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of the SMM nickel industry chain:

With the abatement of the early hype atmosphere, the price trend in the later period will be more in line with the fundamental performance, and at present, the short-term fundamentals of nickel are good, and in the long run, it is also better than originally expected; in the third quarter, 300 series stainless steel high production assist high nickel pig iron from leftover to deficient, fourth quarter or tight balance, the excess range is less than originally expected, so some nickel market fundamentals of nickel pig iron are good. In terms of pure nickel, although consumption is not good, the decrease in domestic spot nickel imports adjusts the market to a certain extent, so that the domestic social inventory is basically balanced and the market performance is relatively stable. SMM believes that it may fluctuate and consolidate near the current center of gravity, and pay more attention to bargain-seeking long opportunities. Shanghai Nickel is expected to be 112000- 118000 yuan / ton, Lunni $14300-14900 / ton.

High nickel pig iron showed a supply gap in the third quarter of 2020. Due to the large market inventory, it did not show a state of shortage, but recently there was an obvious supply shortage in the high nickel pig iron market, making it difficult to buy goods at low prices. the recent high price of high nickel pig iron market is directly related to the shortage of supply. at the beginning, the supply of raw material nickel ore is tight, and the sharp rise in prices also provides strong support for the price of high nickel pig iron.

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Catalogue of "SMM Nickel Industry chain Weekly report" in this issue

Main points of this issue's weekly report

Industry focus: TISCO's restructuring plan finalizes the free transfer of 51% equity to Baowu, China.

Stainless steel: the opening price of Aoyama has risen by 1500 yuan for a long time.

Nickel Ore / Nickel Iron: 300 Series stainless Steel High discharge capacity High Nickel Pig Iron changed from surplus to deficiency in the third quarter

Nickel ore / ferronickel: strong ore price and exuberant demand push up the price of ferronickel in a straight line.

Electrolytic nickel: in the near weekend, the trading atmosphere is improved and there may be nickel beans coming to Hong Kong to meet the downstream demand.

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[China Nickel Industry chain High-end report] China Nickel Industry chain monthly report includes macro interpretation, monthly review of nickel price, interpretation of hot events and future forecasts in various sections of the nickel industry chain (nickel ore, electrolytic nickel, nickel pig iron, stainless steel, ferrochromium). And release monthly relevant enterprise operating rate and inventory survey and other data, covering the entire nickel industry chain.

[China Nickel Industry chain routine report] China Nickel Industry chain Weekly report includes macro interpretation, weekly review of nickel price, market trends of various sections of nickel industry chain (electrolytic nickel, nickel pig iron, stainless steel, ferrochromium), weekly social inventory, future forecast, comprehensive interpretation of the nickel market in the week.