Today's nickel market (10.14) there is a slight improvement in the transaction of nickel in Russia today, and the trading of nickel in Jinchuan is still weak.

[14 October SMM Nickel Product Price]

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[14 October SMM Nickel Market Trends]

Electrolytic nickel

Spot: on October 14, Russian nickel compared with Shanghai nickel 1911 reported 50 to 150 yuan / ton, Jinchuan nickel generally reported 200-300 yuan / ton compared with Shanghai nickel 1911 contract, the discount was slightly higher than last week, and Russian nickel rose slightly, mainly due to the recent slight improvement in Russian nickel transactions, while imports maintained large losses, superimposed near delivery date, holders raised water, but there are still individual traders feedback flat water can also be shipped. Jinchuan Shengshui reported 300 yuan / ton this morning, but the general feedback transaction is less, individual feedback can be reduced by 50-100 yuan / ton. Today, the overall performance of nickel prices is stable, trading near 135800 is slightly concentrated, entering traders generally feedback that a small amount of Russian nickel transactions, Jinchuan nickel transactions are not as active as Russian nickel. Market acceptance of prices around 135000 is better than before. The ex-factory price of Jinchuan Company is 137700 yuan / ton, the same as last Friday.

[ex-factory price of Jinchuan Company] Today, October 14, Jinchuan Company Electrolytic Nickel (Big Board) Shanghai quoted 137700 yuan / ton, barreled small pieces 138900 yuan / ton, the same as last Friday.

Stainless steel, scrap stainless steel

SMM, Oct. 14 / PRNewswire-FirstCall-Asianet /-this morning, the quotation of private cold-rolled stainless steel in Wuxi area was flat. On Friday, individual merchants slightly increased by 50 yuan / ton: the state-run 304 2B cut edge roll price was quoted at 16100-16300 yuan / ton, and the private 304 2B rough edge roll price was 16050-16150 yuan / ton. 304 / NO. 1 five feet at 15200-15300 yuan / ton. Based on the demand for replenishment downstream after the festival, some agents and traders in Wuxi reported that the transaction on Friday was better than that before the festival. Logistics capacity affected this week, stainless steel is expected to be supported by raw material costs and freight, stainless steel prices are on the strong shock. For 10:30 SHFE ss2002 contract selling price 15765 yuan / ton, Wuxi stainless steel spot water 155-255 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

Foshan stainless Steel Morning Review [Foshan stainless Steel] SMM, morning Foshan stainless steel market state 3042B trimming volume price was flat at 16200 yuan / ton compared with last Friday's market price; private 3042B rough edge roll price slightly increased by 50 yuan / ton compared with last Friday by 15800 yuan / ton; today's 304 / NO. 1 five-foot roll price increased by 50 yuan / ton compared with last Friday's average price; 430 cold rolling and trimming volume price was flat at 8150 yuan / ton today. In the morning, the average price of cold and hot rolling in Foshan increased slightly by 50 yuan / ton compared with last Friday. In mid-October, the lower reaches of Foshan were more optimistic than before, the release of demand increased, and businesses were mainly flexible to ship goods. It is expected that steel prices may rise slightly with the market in the later period. For 10:30 SHFE ss2002 contract selling price 15765 yuan / ton, Foshan stainless steel spot discount 95 yuan / ton (spot edge cutting = rough edge + 170 yuan / ton)

Inventory

On Oct. 11, according to SMM, the total amount of nickel stocks in Shanghai (including the inventory of previous warehouse receipts) increased by 1124 tons to 78500 tons, an increase of 1.5 percent. Domestic stocks increased by 1824 tons to 53800 tons, including about 10700 tons of nickel beans and 43100 tons of nickel plates. During the same period, Shanghai Free Trade Zone (including Shanghai Shitianwei, Lizitang, Lingang, Jiekai, Henry Bath) refined nickel inventory about 24700 tons, down 700 tons, including 6000 tons of nickel beans, 300 tons less than before the festival.

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