2020 is a special year. The impact of the COVID-19 spreads across the globe. It leads to changes in the global economic structure. As a result, import and export industries and physical enterprises in various countries have been hit hard, and various industrial chains have been affected. Domestic stainless steel terminal demand continues to be sluggish, stainless steel inventory continues to remain high, and export volumes have been severely reduced. All stainless steel mills have to reduce production and destocking, and the procurement demand for ferronickel raw materials has weakened. Domestic high grade ferronickel plants are facing a shortage of nickel ore and production losses. High grade ferronickel plants plan to reduce production and stop production to keep the price of it. Affected by epidemic, the Philippine supply less nickel ore than expected, and domestic stocks are desperate. Under such circumstances, the domestic production situation is complicated and market contradictions are prominent. On the one hand, ferronickel factories are priced up due to the shortage of raw materials. On the other hand, the sales of ferronickel finished products are difficult and prices continue to fall, and physical companies have to balance output by reducing production.
Compared with other metallic mineral resources, China’s chrome ore resources are very scarce. In terms of meeting demand, it is a shortage resource. China’s domestic production is mainly based on importing and purchasing, but as the major exporters of chromium-based resources were affected, and the implementation of the "lock down" measures to combat the epidemic, China's multiple import channels for chrome ore and ferrochrome were interrupted. However, due to the lack of sales cycles around the Spring Festival and the fiercely fighting of stainless steel market, the prices have approached their lowest level in 16 years. The disease is spreading worldwide, and export orders for stainless steel fell sharply, meanwhile the global economic situation is tense, the domestic stainless steel consumption is slowly climbing, and the fast consumption of backlog of inventory is still the primary task of steel mills. The domestic chrome market has always been in the embarrassing situation of “three highs and one low” with high inventory, high output, high imports, and low prices. With the reduction of imports, the market inventory will also be consumed during this period. The relationship will gradually return to balance and develop towards a healthy state. Can the chrome market take the opportunity to usher in a "reversal"? How to operate the future market?
We will invite representatives from the upstream and downstream industries of chromium and nickel to the event, including mining, ore trade, alloy production / trade, terminal procurement, equipment services, logistics services, futures services, industry associations, research institutions and other enterprises. FerroAlloynet sincerely invites you to attend this summit!
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Discussion on nickel , chrome and stainless steel futures market
Topic: Impact of COVID-19 on global economic structure
Topic: Will the stainless steel market goes up after the epidemic?
Topic:Under the trend of factories and miners transforming into industrial and trade integration or bundled cooperation, will traditional traders become history?
Topic: Can the import of Indonesia ferronickel fill the production reduction gap of domestic high grade ferronickel plants?
Topic: The impact of low nickel ore inventory on ferronickel Market after the epidemic
Topic: How will temporary interruption of the main supply channels of chrome ore and ferrochrome affect the supply and demand pattern of chrome market?
Topic: The influence of global financial crisis on nickel industry chain
Topic: Can the new capacity of ferrochrome in 2020 match the growth of stainless steel demand?
Group Photo Shooting
1. The situation of expanding supply gap of nickel ore under the epidemic situation
2. After the epidemic, the impact of low grade nickel ore inventory on ferronickel Market
1.Can the import of Indonesia ferronickel fill the production reduction gap of domestic high grade ferronickel plants?
2.How should domestic high grade ferronickel plants operate under the epidemic situation?
1. Will the stainless steel market goes up after the epidemic?
2. The influence of global financial crisis on nickel industry chain
1.How will temporary interruption of the main supply channels of chrome ore and ferrochrome affect the supply and demand pattern of chrome market?
2.Has the inflection point of the chrome market arrived? Can the price rise of ferrochrome and chrome ore be sustained?
1.The large-scale and centralized production capacity of ferrochrome is irresistible. How can small and medium-sized smelting plants survive in the cracks?
2.Can the new capacity of ferrochrome in 2020 match the growth of stainless steel demand?
1.When will stainless steel destocking be completed? When will the ferrochrome raw material gap in steel mills be highlighted?
2.Under the trend of factories and miners transforming into industrial and trade integration or bundled cooperation, will traditional traders become history?
National chrome ore stocks are being consumed, then how can traders operate in the future market?