1、 Trend analysis
According to the nickel price monitoring of the business society, on the 16th, the spot nickel price fell slightly, with a quotation of 145808.33 yuan / ton, a slight decrease of 0.98% compared with the previous trading day, an increase of 13.79% compared with the beginning of the year and a year-on-year increase of 19.29%. Shanghai nickel opened at 145690 yuan. After opening, the trend of Shanghai nickel remained low and fluctuated, closing at 142820 yuan at the lowest, and closing at 144350 yuan at the end, down 2.11%. The trend of nickel in LME3 remained volatile and closed at US $19620, up 0.03%.
Depressed by the strength of the US dollar, lunni closed down 1.61% overnight. Due to the recent decline in coal prices and other raw materials, the trend of nickel price is weak. With the overall improvement of domestic power supply, stainless steel plants gradually resume production, but the market demand is weak. Indonesia’s domestic trade base price of nickel ore fell month on month in November, real estate data was weak, and nickel price was under pressure. However, LME spot nickel outer disk inventory is low, and the premium in the spot market remains high. Nickel is expected to maintain a broad shock trend in the short term.
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