[nickel Market Today] Shanghai Nickel low opening shock after falling back again Jinchuan Nickel rising Water downward Russian Nickel quotation is stable

[April 16 SMM Nickel Product Price]

SMM Ni-Cr stainless steel regular report, can receive the latest information in the morning, noon and closing time, contact: Liu Yuqiao, 15900822445 (same as WeChat).

[April 16 SMM Nickel Market Trends]

Electrolytic nickel

Nickel spot: SMM April 16, today SMM1 electrolytic nickel quoted 96100-97800 yuan / ton, the average price fell 750 yuan / ton compared with yesterday. Today's nickel price is low open downward, early market Russian nickel to Shanghai nickel 2005 contract flat water to rise 50 yuan / ton, due to falling prices traders are less willing to reduce prices, most of the continuation of yesterday's interval quotation, some traders on the 06 contract reported 150 yuan / ton quotation, today's transaction is better than yesterday. Jinchuan nickel to Shanghai nickel 2005 contract rose 1200-1400 yuan / ton, due to the recent long association customers actively receive goods, low-price supply continues to flow out, Jinchuan nickel rising water has been down, the same transaction has improved. Today, nickel beans to Shanghai nickel 2006 contract report 600 yuan, the current market nickel beans quotation is less, converted into 05 contract price discount range has narrowed compared with yesterday.

[ex-factory price of Jinchuan Company] SMM April 16: Jinchuan Company Electrolytic Nickel (Big Board) Shanghai offer 98000 yuan / ton, barreled small piece 99200 yuan / ton, Jinchang quotation 97550 yuan / ton, 600 yuan / ton lower than yesterday.

Stainless steel

SMM, April 16 / PRNewswire-FirstCall-Asianet /-at present, the overall rising atmosphere of steel prices in Foshan is strong, and some traders say that spot transactions on the spot have increased significantly compared with the previous month. Therefore, businesses have also used the rising trend of steel prices to actively withdraw funds to alleviate the previous turnover pressure. In the short term, the atmosphere of inquiry and signing of downstream terminals is preferred, and steel prices are mainly rising steadily. But some traders say steel prices lack a strong support for the release of demand at a later stage. In the quotation of steel products in Foshan today, the price of state-owned 304 2B trimming volume is 100 yuan / ton higher than yesterday's average price at 13200-13500 yuan / ton. The private 3042B rough edge roll price is 150 yuan / ton higher than yesterday's average price of 12800-12900 yuan / ton. 304 / NO. 1 5ft quotation is 350 yuan / ton higher than yesterday's offer in 12400-12600 yuan / ton, the 10:30 SHFE SS2006 contract price is 12765 yuan / ton, Foshan stainless steel spot water 205305 yuan (spot trimming = rough edges + 170).

SMM, April 16: today, 304 private cold rolling in Wuxi was quoted at 12900-13000 yuan / ton, the average price was raised by 150 yuan / ton, and hot rolling was increased by 200 yuan / ton to 12500-12700 yuan / ton. Recently, the price of cold and hot rolling of 300 series stainless steel has been adjusted continuously. Yesterday, the steel mill announced that the price of cold and hot rolling in May was also increased by 400-500 yuan / ton, and that of Qingshan 304 hot rolled plate was increased by 500 yuan / ton to 12400 yuan / ton. Yongjin 304 four-foot cold rolling was quoted as 12600 yuan / ton, up 400 yuan / ton. However, the cold rolling price is still weak, the market low price is quoted at 7200 yuan / ton, traders said that the actual transaction or there is still a profit. According to traders, steel mills now limited delivery of orders, the current Hongwang, Yongjin brand 304 cold rolling market circulation has a less trend, further leading to a stronger price. Now the market has different views on the late price trend, some operators hold a wait-and-see attitude, that the price is on the high side; some traders are still expected to be bullish in the near future. For 10:30 SHFE SS2006 contract price 12765 yuan / ton, Wuxi stainless steel spot water 305-405 yuan / ton. (spot trimming = rough edges + 170 yuan / ton)

[stainless steel plate price-Hongwang 201 cold rolling] SMM April 15: Castle Peak Hongwang 201 cold rolling period current price: J1 4 feet 6850 yuan / ton, J2 4 feet 6500 yuan / ton, quoted volume to be approved, 100 yuan / ton higher than the last price.

[stainless steel plate price-Yongjin 304 cold rolling] SMM April 15: Fujian Yongjin 304 four-foot cold rolling sales guidance price of 12600 yuan / ton, Guangdong Yongjin five-foot 304 cold rolling sales guidance price of 12700 yuan / ton. Compared with the last opening, up 400 yuan / ton.

[stainless steel plate price-Qingshan 304 hot rolling] SMM April 15: the price of Qingshan 304 hot rolled plate is quoted at 12400 yuan / ton, 500 yuan / ton higher than the last price, due for delivery in May.

Stock

According to SMM research, the total amount of nickel stocks in Shanghai, including the previous warehouse receipt inventory, increased by 249 tons to 57000 tons, or 0.44 per cent, compared with the previous week. Domestic stocks (except bonded warehouses) are about 38400 tons, including about 2200 tons of nickel beans and 36200 tons of nickel plates. Inventories fell 83 tons, or 0.29%, this week. The outflow rate of warehouse receipts in Shanghai slowed down, and a small amount of Bofeng nickel was stored in Wuxi. Hidden stocks in East China increased by 332 tons from last week, Jinchuan nickel arrived this week, superimposed spot transactions weakened this week compared with last week, inventory outflow slowed, recessive inventory in and out of warehouses recorded a small increase; refined nickel stocks in Shanghai bonded area 18600 tons, flat from last week, due to the impact of the foreign epidemic, almost did not arrive in Hong Kong this week, and nickel plate bills of lading are expected to arrive in mid-April.

Nickel Research Group of the Ministry of Nonferrous Metals

Liu Yuqiao: + 86-21-51666804 / liuyuqiao@smm.cn

Li Chuntian: + 86-21-51666817 / springli@smm.cn

Zhang Lingying: + 86-21-51666901 / zhanglingying@smm.cn

Zhao Ming: + 86-21-516666780 / tylerzhao@smm.cn

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