1、 Trend analysis
| EDTA |
According to the nickel price monitoring of the business agency, on the 16th, the nickel price dropped slightly. The spot nickel price was 119300 yuan / ton, down 0.22% from the previous day, 14.76% year-on-year and 4.9% higher than the beginning of the year. Shanghai nickel’s main market opened at 118900 yuan, and the price fluctuated slightly after the opening, closing at 117540 yuan, down 1.05%. LME3 closed at $15260, up 0.13%. Shanghai nickel’s main market opened at 118900 yuan, and the price fluctuated slightly after the opening, closing at 117540 yuan, down 1.05%. LME3 closed at $15260, up 0.13%.
2、 Market analysis
| EDTA 2Na |
The nickel price has been adjusted due to the drag of the external environment. The domestic nickel ore at the supply end is tight, and the price of ferronickel remains stable. The profit of domestic ferronickel plants is near the profit and loss. Due to the shortage of raw materials, some ferronickel plants have passively reduced production. Indonesian ferronickel has been put into production in a centralized manner, and there may be more increments in the future, and the overall supply environment tends to be relaxed. The Philippines was seriously affected by the epidemic, and the price of ferronickel rose, and the production cost of nickel enterprises was higher. In the near future, the price of downstream stainless steel has maintained a short-term adjustment stage, and the domestic demand for new energy vehicles is gradually recovering, and the sales volume of new energy vehicles in Europe is growing rapidly.
3、 Future prospects
Future forecast: nickel price will be adjusted by the external environment in the short term, but the overall strong trend remains unchanged.
| Melamine |