[SMM Nickel Flash News] SMM reported on August 4 that Tsingshan's 300-series futures for August opened up by 100 yuan. Details are as follows:
304 cold-rolled 4-ft Yongjin at 12,800 yuan/mt (uncoated basis), 304 cold-rolled 4-ft Shangke/Hongwang/Indonesia at 12,700 yuan/mt (uncoated basis), 304 5-ft Shangke at 12,700 yuan/mt (uncoated basis), 304 cold-rolled 5-ft Hongwang at 12,600 yuan/mt (uncoated basis), below 0.61 at 12,700 yuan/mt (uncoated basis); 304 cold-rolled 5-ft Yongjin at 12,900 yuan/mt (uncoated basis), below 0.6 at 12,800 yuan/mt (uncoated basis). The above prices are 100 yuan higher than the previous settlement price. Tsingshan's 304 HRC spot cargo and futures guidance price for August are 12,400 yuan/mt, 100 yuan higher than the previous settlement price.