内页banner

Nickel and Stainless Steel Morning Briefing: Traders Lower Prices to Facilitate Transactions, Mainly Urgent Orders Are Closed

Jun 18, 2024

Certainly! Below is the HTML-formatted English version of the article, enhanced with Unicode symbols and Emoji for better readability, followed by the introduction of Americ Energy (CHINA) Co., Ltd. ```html

 

🌏 Nickel-Chromium Stainless Steel Morning Briefing 📰

Date: June 17, 2024

🔍 Nickel Series 🔗

Nickel Ore: With tight supply, nickel ore prices are likely to rise than fall. As of June 14, 2024, Mysteel's CIF prices for laterite nickel ore remain steady, with 0.9% low aluminum ore at $37/dry ton, 1.3% nickel ore at $33/dry ton, 1.5% nickel ore at $47-48/dry ton, and 1.8% nickel ore at $71-72/dry ton. Nickel prices fluctuated downwards during the week, with a prevailing wait-and-see sentiment in the market. Profit margins for domestic nickel iron enterprises have narrowed, and they are cautious in nickel ore negotiation due to cost inversion. Philippine mines are not likely to offer much room for concession due to cost and shipment period factors. In Indonesia, the supply of nickel ore remains tight. Additionally, as of the 12th, the number of nickel ore ships from the Philippines to Indonesia in June has reached 16, totaling 646,500 wet tons, exceeding the total number of ships in May. In the short term, nickel ore prices are prone to rise and difficult to fall.

Nickel Iron: Market sentiment was poor during the week, and the support for nickel iron prices weakened. On June 14, Mysteel's domestic ex-factory price for high nickel iron was temporarily stable at 985-990 yuan/nickel; the domestic arrival price was temporarily stable at 990-1000 yuan/nickel; the bottom tax-inclusive price of Indonesian high nickel iron was temporarily stable at 985-995 yuan/nickel, and the FOB price was temporarily stable at $118/nickel. The trading atmosphere in the nickel iron market during the week turned weak, and the support for nickel iron prices weakened due to poor market sentiment and terminal demand pressure. Under the game of supply and demand, the negotiation range has slightly loosened, and the latest transaction price in the market has dropped to 980-985 yuan/nickel (factory tax included). In terms of cost, the ore end considers its own cost, the room for concession is limited, and the quotation is firm. On the supply side, the current iron factory quotation is firm, mostly around 1020 yuan/nickel (factory tax included). On the demand side, the stainless steel spot market is still volatile, and the transaction is general. At present, steel mills still hold a price-pressing mentality for the purchase of nickel iron, and inquiries are mostly around the average price +10. The game of supply and demand price difference, and the subsequent need to pay attention to the latest transaction dynamics in the market as well as the situation of the return of Indonesian nickel iron.

📍 Americ Energy (CHINA) Co., Ltd. Introduction

Americ Energy (CHINA) Co., Ltd. is a distinguished manufacturer and distributor of an extensive array of stainless steel products, tailored to meet the varied requirements of multiple industries. Their product range includes stainless steel tubes, plates, strips, and square tubes, all adhered to the highest quality standards.

Contact Information:

- Website: www.metal-ae.com

- Email: ae@americenergy.com

- Phone: 13521210668

- WhatsApp: 13521210668

- Address: No.298 Fengwei Road, Xishan Development Zone, Wuxi City, Jiangsu Province, China

``` This HTML document includes the translated content of the article with appropriate section titles and a dedicated contact information section for Americ Energy (CHINA) Co., Ltd. at the end. The document is styled for better readability and includes interactive links for website, email, and phone contact.

Need Help? Chat with us

Leave A Message
If you are interested in our products and want to know more details,please leave a message here,we will reply you as soon as we can.
Submit
Contact us #
+86 13521210668

Our hours

Mon 11/21 - Wed 11/23: 9 AM - 8 PM
Thu 11/24: closed - Happy Thanksgiving!
Fri 11/25: 8 AM - 10 PM
Sat 11/26 - Sun 11/27: 10 AM - 9 PM
(all hours are Eastern Time)

Home

Products

whatsApp

contact