1、 Trend analysis
According to the nickel price monitoring of the business association, the spot nickel price this week shows a trend of first restraining and then rising. The weekend price is 102066.67 yuan / ton, up 0.49% from 101566.67 yuan / ton at the beginning of the week, up 3.71% year on year.
| POLYVINYL ALCOHOL FIBER |
2、 Market analysis
At the beginning of this week, the main nickel market in Shanghai opened at 98960. After the price rose, it fell into shock. On Friday, it closed at 101720, up 1.77% in the week. Lennie closed at $12295 at Friday’s closing, up 2.93% on the week.
After the festival, the price of stainless steel rose actively in the downstream, and the nickel market also recovered the decline during the May Day holiday. Due to the recent rise of nickel, iron and nickel ore price, the increase of raw material cost, the increase of steel plant price, and the decline of stainless steel social inventory in April, the centralized release of demand, if stainless steel profits and production scheduling can be stable in the current position, or even with the continuous expansion of demand, it is a strong support for nickel products. LME nickel inventory was basically stable this week.
| PVA |
Since April, the price of ferronickel has risen significantly, from 872.5 yuan / nickel point in early April to 955 yuan / nickel point this week. The recovery of ferronickel price is the main support for the price rise of nickel ore. if ferronickel still maintains a large upside down state of early profits, some manufacturers continue to buy ore with weak production intention, and the possibility of price rise is small. According to the latest research results, nickel iron still decreased in April, but with the high price of iron holding steady in May and the ore end easing, the output will pick up.
3、 Future prospects
Future market forecast: raw material price support plus active price increase of stainless steel plant, stainless steel price remains strong, and the downstream current acceptance is acceptable, and transaction is relatively active. Therefore, if stainless steel keeps a good market, its purchase and consumption of nickel will also be at an ideal level, which is relatively hard to be broken, so although the current macro environment is still difficult to support a sharp rise in price The price of nickel still tends to increase. It is predicted that the short-term fluctuation of nickel is relatively strong.
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