Nickel Information

release time:

2022-09-28 09:57

Nickel: On Monday, LME stocks rose by 522 tons, cash/3M remained at a discount. In terms of prices, LME nickel fell 0.06%, the main contract of Shanghai nickel
It fell 1.64% to close at 117,880 yuan / ton, up 1.46% in night trading. In terms of domestic fundamentals, the spot price transaction range is 119300~
121,800 yuan / ton, the discount of Russian nickel to 12 contracts is 200 yuan / ton, and the average premium of Jinchuan nickel is 2,200 yuan / ton. import and export, depending on the model
It is estimated that the import of pure nickel still maintains a loss. In terms of ferronickel, the import volume and price of laterite nickel ore in the Philippines increased before the rainy season, and Indonesia ferronickel continued to invest.
Production has increased steadily. However, under the short-term high cost of domestic ferronickel smelting and the expectation of production reduction in Q4, the purchase price of ferronickel remained firm. comprehensive
From the point of view, the current supply of primary nickel is still tight, and prices may fall under pressure after the increase in Indonesian ferronickel imports in the later period. In terms of demand for stainless steel, the
Week-on-week, Wuxi, Foshan, social inventory was flat month-on-month, destocking slowed down, spot prices fell month-on-month, main futures contract prices fell, and basis premiums
expand. The high output of steel mills is maintained under the peak season demand, and the fundamentals of primary nickel are still supported. However, smelting costs continue to rise, and the peak season is coming to an end
The pressure on steel mills to reduce production has gradually increased. In the short term, focus on the increase in the supply of stainless steel in the peak season, the consumption situation of demand and the smelting cost of steel mills
game between. This week, the main contracts of Shanghai nickel are expected to fluctuate mainly, with an operating range of 110,000 to 123,000 yuan/ton.

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