1、 Trend analysis
According to the nickel price monitoring of the business agency, the nickel price fell slightly on the 9th, with the spot nickel price of 118400 yuan / ton, down 0.17% from the previous trading day, 4.1% higher than the beginning of the year, and 4.16% lower than the same period last year.
2、 Market analysis
European stock markets rose, the US dollar index continued to rise slightly, and the overnight lunni trend remained stable, with a rise of 0.21%. The price of ferronickel is loose and sluggish. Large stainless steel plants have clinched several thousand tons of high nickel iron at 1045 yuan / nickel point, which is still unfavorable to ferronickel under the situation of increasing nickel iron reflux in Indonesia. However, with the increase of production reduction, the price reduction intention of ferronickel is also weakened. The price of nickel ore in the Philippines is relatively strong. The port inventory shows a decline in inventory in the new period. The incoming materials will continue to decrease in the later period, but the domestic inquiry will decline. In the near future, the nickel inventory of LME continues to maintain above 240000 tons, while the domestic nickel inventory continues to drop to 19005 tons. The downstream stainless steel plant has significantly reduced the production of 300 Series in November, but the expected output change in December is limited. The theme of downstream new energy battery is highly concerned by the capital market, and the price of related nickel sulfate is relatively strong.
3、 Future prospects
After market forecast: the macro level is good, the downstream performance is strong, the decline of nickel ore inventory has support for nickel price, and nickel price is expected to be mainly strong in the near future.
| POLYVINYL ALCOHOL |