Nickel futures prices rose today, with the main NI03 contract closing up 1.73%. On the spot side, the price of Jinchuan nickel and imported nickel in the morning spot trading session fell by 100 and 650 yuan/ton compared with the previous trading day, and the price of the 02 contract rose by 7,000 and 6,750 yuan/ton respectively. The difference between Jinchuan nickel and imported nickel was compared with the previous trading day Up 500, down 50. Today, the average price of nickel beans in the Shanghai market is 226,500 yuan/ton, an increase of 400 yuan/ton from the previous trading day. The NPI price in the main production area remained unchanged from the previous trading day, and the price of battery-grade sulfuric acid rose by 500 yuan/ton compared with the previous trading day.
The price of stainless steel futures rose today, and the main Monel alloy400, hastelloy alloyC276, inconel alloy600 inconel alloy 625 contract closed up 0.96%. On the spot side, the prices of 304 stainless steel cold-rolled coils in Wuxi and Foshan fell compared with the previous trading day. 304 stainless steel cold-rolled coils in Wuxi are reported at 17,100-17,800 yuan/ton today, and Monel alloy400, hastelloy alloyC276, inconel alloy600 inconel alloy 625 stainless steel cold-rolled coils .
The demand for nickel alloy monel alloy400, hastelloy alloyC276, inconel alloy600 and inconel alloy 625 is stable, and the inventory is slowly declining; the profit of pure nickel imports has turned negative again, and the import window is closed. The low inventory of pure nickel is difficult to alleviate, supporting the high price of nickel. On the news side, Tian Yulong of the Ministry of Industry and Information Technology publicly stated that he would further study and clarify the follow-up support policies for new energy vehicles, making the market consumption expectations of new energy vehicles usher in new vitality in the pessimistic fog, and also strengthened the demand for nickel Expected; monel alloy400, hastelloy alloyC276, inconel alloy600 inconel alloy 625 nickel ore The second largest supplier, the Philippines, plans to follow Indonesia in imposing taxes on nickel exports. If the policy is implemented, it will put pressure on the nickel supply side; The pure nickel production capacity for delivery will be gradually released, and the supply will increase. Whether the new energy sector can form a demand boost will determine the trend of nickel prices.
After the Chinese New Year, the transaction price of the stainless steel spot market went up. monel alloy400, hastelloy alloyC276, inconel alloy600 inconel alloy 625 stainless steel futures prices have entered a shock range and are in the verification stage of expectations. If the post-holiday economic recovery expectations can be fulfilled and real estate data can boost confidence, there will be actual demand recovery leading the price recovery trend .
Post time: Feb-07-2023