1、 Trend analysis
According to the nickel price monitoring of the business society, the spot nickel rose slightly after the year. As of the 8th, the spot price of nickel was reported at 176250 yuan / ton, up 3.8% from the previous trading day and 14.18% from the beginning of the year.
The US dollar weakened, and Lun Ni closed up 2.09% overnight; LME inventory continued to be removed, which exacerbated the concern of supply shortage. The demand for replenishment after the festival increased the transaction rate, and the nickel price may maintain the rise. In terms of supply, the price of high nickel iron rebounded, and the mainstream transaction price was 1400-1430 yuan / nickel. With the implementation of Indonesia’s high nickel matte project, the potential pressure on the supply of nickel sulfate raw materials increases. In terms of demand, the recent arrival of stainless steel is not much, and Hongwang cold rolling is mainly used for warehouse delivery. The accumulation of stainless steel social warehouse is limited, and the prospect of new energy vehicles continues to be good. In terms of inventory, explicit inventory at home and abroad almost fell to the lowest range in history. Nickel prices are expected to remain strong in the short term.
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