1、 Trend analysis
According to the nickel price monitoring of the business agency, the spot nickel price fluctuated narrowly this week. The weekend price was 98133.33 yuan / ton, up 0.29% from 97850 yuan / ton at the beginning of the week, down 4.6% year on year.
| ferric sulfate (Poly ferric sulphate) |
2、 Market analysis
The main nickel market in Shanghai opened at 97100 at the beginning of this week. Since then, the price is relatively strong. It rose sharply on Friday to close at 98970, up 1.71% in the week. Lennie closed at $12035 at the end of Friday, up 2.82% on a weekly basis.
In recent years, the price of stainless steel has continued to rise, the spot profit of stainless steel has been quickly repaired, and most domestic ferronickel plants are still in a loss state. Due to the tight supply of nickel ore and the recovery of downstream demand, ferronickel plants are reluctant to sell. In the near future, nickel supply end is affected by the epidemic. In April, nickel supply in the Philippines may decline significantly. The nickel ore inventory of main domestic nickel iron plants can still support January March. The nickel ore raw material inventory of some nickel iron plants is in short supply. The domestic nickel iron production may remain low in April and may.
3、 Future prospects
Future market forecast: the supply of nickel ore in the Philippines is affected by the epidemic situation. In April, the shipment of nickel ore may be significantly reduced. The domestic port inventory of nickel ore continues to decline. In April and may, the output of nickel iron may remain low. In the later period, the price of nickel ore may rise to raise the cost of nickel iron. It is predicted that nickel may fluctuate strongly in the short term.
| povidone Iodine |