1、 Trend analysis
According to the nickel price monitoring of the business association, on March 30, the nickel price was 93266.67 yuan / ton, up 0.07% from the previous day, down 9.57% year on year. Shanghai nickel opened at 92980 yuan, followed by a wide range of price shocks, closing at 93210 yuan, down 0.25%.
| Melamine |
2、 Market analysis
Last week, domestic and foreign inventories both fell, London Metal Exchange (LME) 27 Lun Ni inventory reduced 30 metric tons, the latest inventory was 229488 metric tons. Last week, LUNI inventory continued to decline, with the total weekly inventory decreased by 1236 metric tons to 229488 metric tons, a decrease of 0.54%. Domestic nickel inventory in Shanghai decreased 1478 tons to 28671 tons last week, down 4.9%, the lowest level in nearly five months. Supply disruption concerns caused by stoppage of mines and blocked imports eased market pessimism slightly, but the demand outlook remained bleak.
3、 Future prospects
Future market forecast: supply and demand are weak, and nickel price is expected to fluctuate mainly in low level.
| EDTA 2Na |