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[today's Nickel Market] Nickel futures continue to consolidate low spot trading is still possible * Shizong 1.57 million tons of stainless steel industry phase II new project to start
Sep 23,2020 15:46CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

Nickel spot

 

Nickel spot: September 23: today's nickel market is still around 113000 yuan / ton near the weak shock, the morning spot trading is still the continuation of yesterday's active atmosphere. In terms of quotation, Russo Nickel has not shipped at a low price for the time being, and the mainstream quotation in the market is more uniform. The contract of Shanghai Nickel 2011 is quoted from 450RMB to 400RMB / ton. Downstream users continue to prepare goods for the National Day holiday, and the morning market trading volume is OK. The Jinchuan Nickel 2011 contract against Shanghai Nickel rose by about 2000 yuan / ton, and the trading atmosphere was slightly weaker than that of Russian Nickel. Jinchuan's ex-factory price today was 115300 yuan / ton, which was the same as yesterday. It is reported that the factory's sales plan has been basically completed this month, so the willingness to ship has not improved. The spot market is still subject to the tight supply of Jinchuan nickel. As for nickel beans, the contract for Shanghai Nickel 2011 is quoted from 800yuan to 700yuan / ton, and the current trading volume is limited.

 

Important news

 

 

[SMM special topic: Tesla launches the new wind direction of cobalt-free battery with high nickel and low cobalt power battery? At 04:30 in the morning on September 23rd, Tesla held a press conference. Tesla, as one of the weather vanes of new energy vehicles, has always been the focus of public attention. Musk's annual shareholders' meeting and Battery Day held by Tesla at the Fremont factory in California is Tesla's first press conference specifically on battery technology. The new "4680" battery released by Tesla has a 16% increase in mileage, a 5-fold increase in energy density, a 6-fold increase in electricity compared with polar ears, and the new battery can reduce the cost per kilowatt-hour by 14%. Musk also said that there are plans to halve battery costs, and plans to reduce battery costs include changing electrode materials and improving the integrated process of battery design and production. "View details

[construction of the second phase of Shizong 1.57 million ton stainless steel industry] it is reported that on September 21, 2020, the start ceremony of key projects in Qujing City was held in Shizong County. This month, the city will focus on 21 key projects, with a total investment of 10.3 billion yuan. at the ceremony, it was announced that the construction of the second phase of the 1.57 million-ton stainless steel industry and the new environmental protection building materials project of Shizong would start. "View details

[Qingshan and Guangxin plan to invest 4 million tons of stainless steel in Yangjiang] on September 22nd, Xiang Guangda, chairman of Qingshan Industrial Board, and Bai Tao, chairman of Guangxin Group, went to Yangjiang City, Guangdong Province to meet with Jiao Lansheng, secretary of the Yangjiang Municipal CPC Committee. Wen Zhanbin, deputy secretary of the Yangjiang municipal party committee and mayor of Yangjiang, held talks. The two sides had in-depth exchanges on Guangqing's continued investment in Yangjiang and promoting the development of the local stainless steel industry. The two sides jointly agreed to increase the production of 4 million tons of stainless steel and a new 2250 rolling mill in Yangjiang, which will continue to contribute to the social and economic development of Yangjiang. "View details

[SMM research: Chizhou Xian 200000 tons lithium battery material comprehensive recycling project officially started on September 23.] according to SMM's recent understanding, Chizhou Xian New material Technology Co., Ltd. officially started the 200000 ton lithium battery comprehensive recycling project on September 23, 2017. prior to this, November 21, 2017, Chizhou Xian New material Technology Co., Ltd. handled 200000 tons of lithium battery comprehensive recycling project signing ceremony was held. "View details

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