SMM Nickel Market Morning Comment (Mar 29)
Overnight, the most-traded SHFE nickel contract opened at 128,990 yuan/mt, and closed at 130,530 yuan/mt, down 1,020 yuan/mt.
SMM Tin Market Morning Comment (Mar 29)
SHFE 2404 tin contract moved rangbound, closing at 222,990 yuan/mt, up 0.1%.
SMM Aluminum Market Morning Comment (Mar 29)
Overnight, the most-traded SHFE 2405 aluminum contract opened at 19,500 yuan/mt, with its lowest and highest at 19,495 yuan/mt and 19,605 yuan/mt before closing at 19,580 yuan/mt, up 105 yuan/mt or 0.54%.
Stainless Steel Raw material cost efficiency comparison
These are stainless steel production costs by raw materials in February: stainless steel scrap (14,193.84 yuan/mt) and highgrade NPI (13,731.33 yuan/mt). Raw materials dipped amid falling prices of stainless steel finished products. Inquiry price of stainless steel scrap was flat, but 304 and 201 off-cuts scrap prices dropped several times. With waning impact of RKAB, high-grade NPI prices were dominated by fundamentals, but may decline to a limited extent
LiCarbonate Daily - March 28th
Spot market stable at 107,500-112,000 yuan/ton, futures rose 0.88% to 108,500 yuan/ton, with 199,520 lots traded.