1、 Trend analysis
According to the nickel price monitoring of business society, spot nickel rose slightly on the 2nd. The spot price of nickel was reported at 183216.67 yuan / ton, up 1.83% from the previous trading day and 31.81% year-on-year.
The situation in Russia and Ukraine was chaotic, the interruption of transportation exacerbated supply concerns, and Lun nickel soared 4.64% overnight. Lun nickel inventory is low, and Russian nickel has shifted from Europe and the United States to China. In the spot market, the carrier ships at a high price, the receiver purchases on demand, the trading atmosphere is light, and the transaction is biased. The geopolitical situation in Russia and Ukraine has intensified, raising the risk of inflation and supply interruption, boosting the price of non-ferrous commodities, while the domestic economy remains flexible and boosting market expectations. It is expected that the nickel price will still fluctuate in a wide range in the short term.
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