行业资讯 Price Change Neutral

Electrolytic Nickel 9/18: Jinchuan Ex-Works Price Up +200 to 127,800 yuan/t, SHFE Nickel Main Contract +1.21% Extends Rebound

2026-09-18 · Impact score: 26

On September 18, the domestic nickel market continued its rebound: Shanghai Metals Market 1# electrolytic nickel was quoted at 123,450–127,750 yuan/t (average 125,600, +250); Jinchuan Group's ex-works price rose +200 to 127,800 yuan/t (Shanghai); Russian nickel spot increased +340 to 123,660 yuan/t, with a divergent premium/discount structure. The SHFE nickel main contract 2610 closed at 124,090 yuan/t, up 1.21%, with futures and spot strengthening in tandem. Electrolytic nickel is a core raw material for nickel-based alloy powders (Inconel 625/718, Hastelloy X, etc.). A rising nickel price center will transmit along the chain 'electrolytic nickel → master alloy → atomized master alloy' to powder production costs. Value for powder buyers: ① The consecutive rebound in nickel prices signals upward pressure on nickel-based alloy powder quotes; recent procurement should focus on upstream price locking; ② Jinchuan's ex-works price is the pricing anchor for domestic nickel powder, and the divergent premium/discount reflects the spot structure, which can be used to judge short-term restocking pace; ③ Active SHFE nickel futures provide a hedging tool for nickel-based powder procurement.

📰 News Source

This article was translated from a Chinese source.

Source URL not available

Show Chinese original

电解镍9/18：金川出厂+200至12.78万元/吨，沪镍主力+1.21%延续反弹

9月18日国内镍市延续反弹：上海金属网1#电解镍12.345-12.775万元/吨（均价12.56万，+250）；金川集团出厂价+200至12.78万元/吨（上海）；俄镍现货+340至12.366万元/吨，升贴水结构分化。沪镍主力2610合约收12.409万元/吨，涨1.21%，期现同步走强。电解镍是镍基合金粉（Inconel 625/718、Hastelloy X等）的核心原料，镍价重心抬升将沿「电解镍→中间合金→雾化母合金」链条传导至制粉成本。对粉末采购商的价值：① 镍价连续反弹提示镍基合金粉报价有跟涨压力，近期采购宜关注上游锁价；② 金川出厂价是国产镍粉定价锚，升贴水分化反映现货结构，可据此判断短期备库节奏；③ 沪镍期货活跃为镍基粉采购提供套保工具。

🧪 Related Material Grades

Metal powder grades mentioned in this article — specs, live prices & verified suppliers

Inconel 718 Nickel Superalloy Powder

15-45 µm / 15-53 µm

→

Inconel 625 Nickel Superalloy Powder

15-45 µm / 15-53 µm

→

Hastelloy C276 Nickel Alloy Powder

15-53 µm

→

Related News

US Metal Powder Maker Amaero Lists on Nasdaq: IPO Priced at $4.25 to Raise $20 Million, Circuit Breaker Triggered on First Day

Amaero, a US-based supplier of titanium and refractory metal powders for defense and aerospace 3D printing, completed its Nasdaq cross-listing pricing on October 15, 2026: 4.7 million shares at $4.25 per share, raising approximately $20 million under the ticker AMRO. The offering price was slightly below the ASX latest close converted value of about $4.31. Baird and Lake Street Capital Markets served as joint book-running managers. On the first day of trading, the stock rose as much as 7%, triggering a stock exchange circuit breaker. Headquartered in McDonald, Tennessee, Amaero produces spherical refractory metal and titanium alloy powders for additive manufacturing (covering niobium, tungsten, tantalum, molybdenum, rhenium, and titanium alloys) and manufactures large near-net-shape components via powder metallurgy hot isostatic pressing (PM-HIP). Its products target hypersonic weapon systems, satellite propulsion, strategic missiles, aerospace, and medical fields. The company initially filed in September to offer 7.5 million shares and raise over $50 million (at a converted price of $7.06), but later adjusted the scale due to market conditions, with the final raise shrinking about 60% from the original target. For the 12 months ended June 30, 2026, the company reported revenue of approximately $12 million. Net proceeds from this offering are about $15.7 million, of which up to $10 million is planned for capital equipment purchases over the next 12 months, with the remainder for working capital and R&D. Value to powder buyers: 1) Amaero is a core US domestic supplier of spherical refractory metal and titanium alloy powders; the IPO will support its capital expenditures and capacity expansion, potentially enhancing supply stability for overseas customers purchasing its specialty powders such as niobium, tungsten, tantalum, and rhenium; 2) The PM-HIP large-component route is expanding concurrently, which will increase in-house use of upstream spherical powders and change the market supply structure; watch for subsequent equipment procurement announcements; 3) Note the going-concern risks and loss status disclosed in the prospectus.

2026-10-15

Yangchun Quanda Metal Products Powder Metallurgy Project Filed: Water Atomization Plant to Produce 3,000 Tons of Metal Powder Annually

On October 15, 2026, Yangchun Quanda Metal Products Co., Ltd. completed the enterprise investment project filing for its powder metallurgy project (filing application date: October 15). The project is located in the Guangdong Yangjiang Yangchun Industrial Transfer Park, with a total investment of approximately RMB 30 million, leasing a plant area of 2,868.7 square meters. The main production equipment planned for the project includes medium-frequency furnaces, high-pressure water atomization towers, powder dryers, and injection molding equipment. The primary purchased raw materials are various alloys and stainless steel. The production process is as follows: alloys and stainless steel are melted in medium-frequency furnaces, water-atomized under high pressure, dried, then formed by MIM injection molding or press molding. After passing inspection, the products are packaged and stored. Once completed, the project will produce 3,000 tons of metal powder annually. Value for powder buyers: ① Adds 3,000 tons/year of stainless steel and alloy water-atomized powder capacity, serving both MIM and press-sintering downstream sectors, providing a nearby supply option in the Pearl River Delta MIM industry cluster; ② The small-scale water atomization line has a short commissioning cycle; attention should be paid to whether its stainless steel grades and particle size distribution match mainstream MIM requirements; ③ The investment scale is relatively small, so supply capacity will mainly serve as a regional supplement.

2026-10-15

Ganzhou Nankang Aerospace High-Performance Metal Additive Manufacturing Pilot Base Filed: 171 Sets of Equipment to Be Procured

Filing information publicized on October 15, 2026 shows that the construction project for the Aerospace High-Performance Metal Additive Manufacturing 3D Printing Pilot Base in Nankang District, Ganzhou City, has completed filing. The project is located in the Low-Altitude Economy Industrial Park in Longhui Town, Ganzhou. The project will renovate existing standard factory buildings and build a pilot workshop, testing laboratory, and supporting facilities. It plans to procure a total of 171 units (sets) of equipment, including metal printers, copper printers, resin printers, vacuum furnaces, wire-cutting machines, X-ray DR imaging systems, abrasive flow machines, and 3D scanning inspection systems. It is positioned as a pilot platform for high-performance metal additive manufacturing dedicated to aerospace applications. Value for powder buyers: (1) Pilot bases typically undertake full-chain validation of materials, processes, and testing. The configuration of 171 units (sets) of equipment shows that it covers the entire process of printing, heat treatment, and non-destructive testing, which will create sustained pilot-scale procurement demand for titanium alloy, superalloy, and copper alloy powders. (2) The positioning of the Ganzhou Low-Altitude Economy Industrial Park is directly related to commercial aerospace and low-altitude aircraft component printing, presenting nearby supply opportunities for surrounding powder suppliers.

2026-10-15

📦 Related Products

AlSi(5-70) Aluminum-Silicon Alloy Powder for Additive Manufacturing

Aluminum Alloy

AlSi10Mg Aluminum Alloy Powder for Additive Manufacturing

Aluminum Alloy

6061 Aluminum Alloy Powder for Additive Manufacturing

Aluminum Alloy

2024 Aluminum Alloy Powder for Additive Manufacturing

Aluminum Alloy

📡 Get Daily Industry Updates

Follow on X Join Telegram

View all news