1、 Trend analysis
| ferric sulfate (Poly ferric sulphate) |
According to the nickel price monitoring of the business club, the nickel price rose slightly on the 12th, with an offer of 117216.67 yuan / ton, a slight increase of 0.41% over the previous day, a rise of 3.06% over the beginning of the year, and a decrease of 14.18% year-on-year. Shanghai nickel mainly opened at 115200 yuan. After the opening, the price was strong and closed at 117080 yuan, up 0.98%. LME3 nickel closed at $15235, up 0.40%.
2、 Market analysis
| Azodicarbonamide (AC foaming Agent) |
Prior to the resumption of negotiations on the U.S. fiscal stimulus plan, and the weakening dollar boosted the trend of base metals over the weekend, and nickel prices closed positive. The export rhythm of Philippine nickel ore is still limited by the epidemic situation. The import volume of domestic nickel ore may be lower than the level of the same period. The continuous increase of external price of nickel ore will promote the domestic NPI production or a small continuous decline after September. In terms of downstream, the sales volume of electric vehicles in China and Europe has reached a new high, and the prospect of nickel used in automobile batteries is optimistic; the production of stainless steel 300 Series in China continues to reach the historical high.
3、 Future prospects
Post market forecast: the tight pattern of short-term nickel ore and ferronickel has not changed, and Indonesia’s new steel-making capacity is about to be put into operation. It is expected that the short-term fluctuation of nickel price will be strong.
| Melamine |