1、 Trend analysis
| POLYVINYL ALCOHOL |
According to the nickel price monitoring of the business society, the nickel price rose sharply this week. As of February 11, the spot nickel price was 176283.33 yuan / ton, up 1.16% from 174266.67 yuan / ton at the beginning of the week and 28.49% year-on-year.
Nickel weekly rise and fall chart
According to the weekly rise and fall chart of the business society, in the past 12 weeks, the nickel price has risen by 7, fell by 5 and leveled by 1. The recent trend of nickel price is still dominated by strong shock.
Nickel industry chain
Supply and demand: affected by the rainy season, the Philippine supply is limited, LME inventory continues to decline, and the prospect of new energy demand is optimistic. At present, the fundamental changes are still limited, the global inventory continues to decline, the domestic Spring Festival holiday has just ended, most ferronickel plants have not fully resumed production, the overall output has increased slowly, and the short-term support for nickel price is strong. The overall nickel production capacity in Russia will continue to increase slowly, and there will be no shortage of nickel in the domestic electrolytic plate market.
To sum up: the supply is tight and the inventory is low. With the resumption of work after the festival, the demand increases. It is expected that the short-term shock of nickel is still strong.
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