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Nickel - SHMET Import Market Briefing 20171009

Date Oct 09 2017 17:10:35Source:SHMET

With regards to NI FP, offers in Shanghai bonded zone keep standing at the range of $320-$380 ,and so does CIF delivery. The SHFE Spot/LME 3M arb for Russian NI was stable, at 8.24 and that for 3M SHFE/LME at 8.09, equated to a gain of RMB1300/mt in spot and a profit of RMB714/mt 3M forward.

SHFE/LME arb window has risen, with the profit in imports of nickel being high. Production and profit in downstream steel works are in good condition. After the holiday, Jinchuan company raised its quotation, with better transactions in stainless steel market. Sellers insisted on their high premiums.

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Aluminum - SHMET Import Market Briefing 20171009

Date Oct 09 2017 17:09:58Source:SHMET

Traders reported that spot premiums CIF shanghai remained at level $95-$115 as usual, so did the physical warrants. LME C-3m valued edged to $22.25C. SHFE Spot/LME 3M arb flattened out at 7.61, suggesting importing may lose around RMB1219/mt in spot market and RMB1093/mt in forward market.

The social aluminum stocks have been declining, at a low level in recent years. The market is expected that, as the heating season is coming closer, stocks in the Fourth quarter will continue to decline. Failing to open the import window, there is a sustained downturn in the imports. Purchasers are expected to mainly step aside for the time being, with the premium remaining unchanged.  

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Copper - SHMET Import Market Briefing 20171009

Date Oct 09 2017 17:09:26Source:SHMET

Premiums for CIF Shanghai stood at $60-$70 while that for shanghai bonded warehouse flatted at $65-$75, a continuing component of previous re-stabilization. LME C-3m valued was $50C. SHFE Spot/LME 3M arb stayed steadily at around 7.93, with an import gain of RMB487/mt, whilst 3M SHFE/LME arb may lose RMB588/mt, with ratio 7.81.

The opening price has a sharp rise in the market after the holiday, with a profit in Imports window. The premium quotation rise slightly and Caixin PMI data fell short of expectations. In the absence of a big change in supply and demand, the market is expected to consume less in the Fourth quarter. The premium quotation range is stable, with the warrant maintaining above US$60.

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Nickel - SHMET Import Market Briefing 20170929

Date Sep 29 2017 17:58:52Source:SHMET

With regards to NI FP, offers in Shanghai bonded zone keep standing at the range of $320-$380 ,and so does CIF delivery. The SHFE Spot/LME 3M arb for Russian NI was stable, at 8.26 and that for 3M SHFE/LME at 8.06, equated to a loss of RMB566/mt in spot and a profit of RMB1500/mt 3M forward.

SHFE/LME arb window has risen, with the profit and loss in imports of nickel being sharply narrowed. Production and profit in downstream steel mills are in good condition. The demand for stainless steel slowed as the holiday is coming closer. Sellers insisted on high premiums, the market quotations are in chaos after adjusting the price by the traders.

 

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