On Friday, nickel price futures rebounded appropriately, steel mills took orders, and the spot market continued to decline, with some 201 materials falling by 50 yuan, some highs chasing down 100 yuan, and some 304 materials falling by 50~100 yuan. Stainless steel water pipe|double clamp pipe fittings|304 stainless steel water pipe brand|Foshan Yongsui Stainless Steel Co., Ltd
Nickel futures: London nickel rose to more than $200 in the afternoon; Shanghai nickel rose by more than 1000~2000 yuan; Stainless steel futures rose by more than 100 yuan.
In terms of waste raw materials: the purchase price of 201 waste was stable, and the purchase price of some 304 waste materials increased by 50 yuan; The ex-factory price of high-carbon ferrochrome was stable, the market price of high-nickel ferrochrome rose by 10 yuan, and the market price of ferro-molybdenum rose by 500 yuan.
In terms of market quotations: the quotation of some 201 materials fell by 50~100 yuan; Some 304 material quotations fell by 50~100 yuan; The quotation of 316L material is stable; The quotation of 400 series materials is stable.
In terms of steel mill prices: Tsingshan Agency 201 cold and hot rolling fell 100, 304 hot rolled narrow strip fell 100; TISCO 304 cold and hot rolled and 321 cold rolled fell 50; Zhangpu 304 hot rolled down 100, 316L hot rolled down 50; Dongte 304 and 316L hot-rolled flat discs.
Comprehensive performance: today's nickel price futures rebounded across the board, stainless steel spot was expected to fall, not only did the situation not improve, some steel mills agent 201 and 304 also began to adjust the price to chase down, plus the market is anxious to digest profit resources, the market can be properly expected to continue to be deflated, the market has no choice but to continue to follow the fall orders, for the time being, do not dare to hope for the rebound opportunity.
Fall 50 down 100, futures spot opposite, stainless steel rose after the digestion of the machine, immediately want to stop falling again seems unrealistic, the market to receive orders and shipments ranked first, but unfortunately the trading level quietly, before the holiday should be bought, even some buy expensive, the current price fell again, the market has little willingness to replenish, part of the profit resources urgently need to cash out, had to have preferential orders, immediately after the big rise, the market sentiment is low, the market confidence is insufficient, not to mention that if it continues to pull up hopelessly, steel mills in a large number of orders, I can't wait to suppress the cost.