Market Information Summary 19-23/04/2021

I. Nickel news

Nickel Trend: The three-month futures price of nickel on the London Metal Exchange (LME) rebounded by US$161/ton on April 21, closing at US$16,199/ton, and the spot price also hiked by US$162/ton to US$16,151.25/ton. Meanwhile, LME’s market inventory of nickel slightly increased by 131 tons to 264,646 tons. The cumulative increase in April has reached 4,302 tons so far.
Reason: According to market participants, nickel prices rebounded as the US dollar weakened, China’s stainless steel futures slightly dropped, and spot prices stabilized. However, the supply of nickel was expected to increase since
the rainy season in the Philippines hasn’t ended. Therefore, the short-term nickel price will be pressed.

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Daily Nickel Trend (24th , December– 22nd, April):

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Monthly Nickel Trend (January,2016 –April, 2021):

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II. Steel news

RUSSIA: The 7th “Stainless Steel and the Russian Market” International Conference was held in Volgograd. More than 90 representatives of steel mills and traders attended the meeting.
In the first section, participants will discuss the current situation of the global and Russian stainless steel market. The second section will focus on the special steel market. The third part will pay attention to developments of coil centers.
The conference will conclude in the form of a round table, where participants will consider the prospects of Russian stainless steel consumption.

III. Cold rolled coil prices

TISCO :
304 2B, Slit Edge, 2.0MM – 3.0MM * 1219/1500MM *C, FOB CHINA: 2370 USD/MT
(Offered Sizes: Thickness 0.3MM – 3.0MM)
430 2B, Slit Edge, 2.0MM – 3.0MM * 1219/1500MM *C, FOB CHINA: 1410 USD/MT
(Offered Sizes: Thickness 0.3MM – 3.0MM)
HONWGANG:
201J1, 2B, Mill Edge, 0.85-2.5MM *1240MM *C, FOB CHINA: 1325 USD/MT
(Offered Sizes:0.25MM -3.0MM)
201J2, 2B, Mill Edge, 0.85-2.5MM *1240MM *C, FOB CHINA: 1285 USD/MT
(Offered Sizes:0.25MM -3.0MM)
LISCO:
430 2B Mill Edge 1.5-2.0MM *1219MM *C FOB CHINA: 1330 USD/MT
(Offered Sizes:0.3MM -3.0MM)

IV. Hot rolled coil prices

TISCO:
304 NO.1, MILL Edge, 2.5MM -10.0MM *1219/1500/1524MM *C, FOB CHINA: 2270 USD/MT
(Offered Sizes: Thickness 2.0MM – 16.0MM)
ESS:
304 NO.1, MILL Edge, 4.0MM -6.0MM *1500MM *C, FOB CHINA: 2180 USD/MT
(Offered Sizes: Thickness 4.0MM – 16.0MM)
DELONG:
304 NO.1, MILL EDGE, 3.0-10.0MM *1240MM *C, FOB CHINA: 2180USD/MT

Information resource: Yantai Oriental Group

 

 

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