1、 Trend analysis
According to the nickel price monitoring of business society, on the 9th, the spot nickel price rose slightly, with a quotation of 146550 yuan / ton, a slight increase of 1.66% over the previous trading day, 14.37% over the beginning of the year and 21.45% year-on-year.
The weakness of the US dollar boosted nonferrous metals, and Lun nickel closed up 0.85% overnight. Sumitomo Metal’s nickel production decreased month on month in the third quarter, the global nickel supply was still tight, and the superimposed nickel inventory continued to be deposed. In November, the main mining area of Suli high nickel mine in the Philippines gradually entered the rainy season. Since the end of October, loading has been suspended or new shipping schedules have been suspended. With the advent of the rainy season, nickel ore shipments will decline seasonally again. In November, the crude steel output of domestic stainless steel plants is expected to be 2.5812 million tons, with an increase of 14.39% month on month. Nickel is expected to remain high and volatile in the short term.
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