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Nickel price drops and did not pull low Japan to abandon stainless steel price

From;  Author:Stand originally

Produce cost to reduce stainless steel, appear to what nickel radical abandons stainless steel increasing to purchase an amount for steelworks more advantageous, because at present nickel radical abandons price of the nickel in stainless steel price,be equivalent to the half of LME nickel price only. However, because stainless steel output falls, the nickel of the generation inside Japan base useless stainless steel also tends nervous. Accordingly, although LME nickel price begins to drop at the beginning of July oneself, but Japanese nickel base price of useless stainless steel maintains perch all the time. From July first since, at present nickel radical abandons Japanese steelworks of stainless steel purchase the price to be 240 thousand yen / ton. A few trafficker of area of east of Shanhaiguan suggest to abandon stainless steel buy the price to be 250 thousand yen / ton. Last year July, the price of nickel radical useless stainless steel is in 10 thousand yen of 22-23 / ton, ever reached 500 thousand yen for a time May / ton exalted. On July 16, 2007, LME nickel price is 14.74 dollars / pound, but the price of the nickel in nickel radical useless stainless steel is 6.71-6.99 dollar / pound. With compared last year, at present the nickel price in nickel radical useless stainless steel already had relatively drop substantially, but useless steel and ferrochrome price have than last year however relatively rise substantially. Tall carbon ferrochrome is fiducial the price the case of hair commodity price of 3 quarters already went up to 213 cent this year / pound (CIF, japanese) , the corresponding period was 108 cent last year / pound. The price of useless this month steel is seventy-five thousand five hundred yen / ton, the corresponding period was 41 thousand yen last year / ton. Accordingly, with go up photograph of year of the corresponding period than, chromic price already rose double, of useless steel go up already also achieved 84 % .

The computation of price of nickel radical useless stainless steel is a standard in order to abandon steel chromium and nickel price. Long-term since, the 80-90 % that nickel radical abandons price of the nickel in stainless steel to be equivalent to LME nickel price is more reasonable. However, as a result of, ferrochrome rises with what abandon steel price, the composition of price of nickel radical useless stainless steel already appeared bigger change. In eye antecedent condition falls, the nickel price in nickel radical useless stainless steel already fell came the 50 % of LME nickel price are the following. Accordingly, japan is all the nickel of stainless steel factory base the in part that abandons stainless steel to purchase valence to be equivalent to LME nickel price only. Because LME nickel price falls, very naturally steelworks will increase nickel radical to abandon stainless steel to purchase strength. But the account that nickel radical abandons stainless steel price to be able to maintain perch is oppugned: (1) whether is this in whack; (2) with condition of Japan's current stainless steel industry, crop of chromium radical stainless steel already occupied 45-50 % , domestic nickel base output of useless stainless steel falls continuously, accordingly, whether do this indicate nickel radical abandons a Japan stainless steel price will rise continuously.
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