On November 22, the SMM battery-grade nickel sulphate index price was 26,179 yuan/mt, down 6 yuan/mt from the previous day.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 22, 2024

LME copper opened at $9,038.5/mt overnight, initially rising to a high of $9,086/mt before maintaining a wide fluctuation range.

On November 21, Jinchuan nickel was quoted at a premium of 2,800-2,900 yuan/mt, with an average of 2,850 yuan/mt, up 450 yuan/mt from the previous trading day.

On November 7, the APAC (9th) Stainless Steel Industry Conference, hosted by SMM Information & Technology Co., Ltd. (SMM) and co-organized by Qingtuo Group, with special sponsorship from Shanghai Zhengning International Trade Co., Ltd., Xiamen C&D Inc., Xiamen ITG Holding Group Co., Ltd., and Shanghai Zhuoyueda International Logistics Co., Ltd., concluded successfully at the Marriott Hotel in Xiamen, Fujian.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Nov 21, 2024

SMM reports that the average price of 8-12% high-grade NPI is 979.5 yuan/mtu (ex-factory, tax included), down 3 yuan/mtu from the previous working day.

Overnight, LME copper opened at $9,118.5/mt, initially rising to $9,155/mt before fluctuating downward, hitting a low of $9,086/mt at the end of the session, and finally closing at $9,082/mt, a decline of 0.38%.

On November 20, Jinchuan nickel was quoted at a premium of 2,300-2,500 yuan/mt, with an average of 2,400 yuan/mt, up 50 yuan compared to the previous trading day.

On November 20, the sentiment in the stainless steel market further recovered.