[SMM Stainless Steel Daily Review] SS Futures Fluctuated Upward, Spot Stainless Steel Trading Sluggish Ahead of Qingming Festival SMM News on April 3: SS futures showed an upward fluctuation trend. SHFE nickel drove SS futures to stop falling and strengthen, closing at 14,235 yuan/mt as of the midday close. Spot market, although SS futures stopped falling and rebounded, the overall gains were limited, providing no obvious boost to the spot market; coupled with the approaching Qingming Festival holiday, overall market trading sentiment was sluggish, and traders' quotes were largely stable. The most-traded SS futures contract stopped falling and strengthened. At 10:15 a.m., SS2605 was quoted at 14,150 yuan/mt, up 40 yuan/mt from the previous trading day. Spot premiums for 304/2B in Wuxi were in the range of 270-470 yuan/mt. In the spot market, the average price of cold-rolled 201/2B coils in Wuxi was unchanged; for cold-rolled burr-edge 304/2B coils, the average price in Wuxi was unchanged, and the average price in Foshan was largely stable; cold-rolled 316L/2B coils in Wuxi were unchanged; for hot-rolled 316L/NO.1 coils, Wuxi quotes were unchanged; cold-rolled 430/2B coils in both Wuxi and Foshan were largely stable. The stainless steel market is currently in the traditional peak consumption season of "Golden March and Silver April," and the fundamental downstream demand improved compared with the previous period. End-user procurement continued at a pace based on rigid demand, and overall trading volume was sufficient to support the market's basic vitality. However, affected by macro news disruptions and fluctuations in futures, downstream end-user clients still maintained a wait-and-see sentiment, showing no willingness to stockpile, and transactions fluctuated with changes in the news flow. Futures, the Iran geopolitical conflict is difficult to resolve in the short term, and uncertainty in macro news continues to cause disruptions...

This week, Indonesian nickel ore prices have remained stable. NPI prices showed a slight upward trend during this week

This week (March 10–March 14), the cost of 304 stainless steel cold-rolled coil rose from 13,450 yuan/mt at the beginning of the week to 13,650 yuan/mt, mainly due to the increase in raw material prices driving up production costs. As a result, bullish sentiment surged in the spot market, with spot prices rising from 13,300 yuan/mt to 13,420 yuan/mt. However, the price increase was far less than

[SMM Analysis: Downstream Enters Raw Material Stocking Cycle, Short-Term NPI Prices Remain Strong] This week, the high-grade NPI market continued to show an upward price trend...

On May 6, the average price of SMM8-12% high-nickel pig iron was 963.5 yuan/nickel point (ex-factory tax included), which was flat compared with the previous working day...

On April 29, the average price of SMM8-12% high nickel pig iron was 963.5 yuan/nickel point (ex-factory tax included), up 3.5 yuan/nickel point from the previous working day... SMM, April 29,

On April 18, the opening price of the main Shanghai nickel contract was 136,790 yuan/ton, and the closing price was 138,270 yuan/ton, up 2,170 yuan/ton from the closing price of the previous trading day

【Laterite Nickel Ore Weekly Review: The Indonesian holiday is over, and the nickel ore market is surging? In the Philippines, the average price of 1.3% CIF this week was 30.5 US dollars/wet ton, and the average price of 1.4% CIF was 38 US dollars/wet ton···

【Laterite Nickel Ore Weekly Review: In the Philippines, the average price of 1.3% CIF this week was 30.5 US dollars/wet ton, and the average price of 1.4% CIF was 38 US dollars/wet ton···

Nickel prices surged last week, reaching 142,000 yuan/mt. Despite a slight dip on last Thursday due to macro factors, nickel prices closed on last Friday with a 3.6% increase WoW. Last Wednesday night, the Federal Reserve released the March CPI. It raised up by 3.5% YoY, with the growth being 0.3 percentage point higher than in February. It went beyond what the market expected and was the biggest jump in six months. It went up by 0.4% MoM, the same as February......