1、 Trend analysis
| Azodicarbonamide (AC foaming Agent) |
According to the nickel price monitoring of the business agency, the nickel price rose slightly on the 21st, and the current price is 122583.33 yuan / ton, a slight increase of 1.84% compared with the previous trading day, 7.78% higher than that of the beginning of the year, and a year-on-year decrease of 4.58%. Shanghai nickel mainly opened at 120570 yuan. After the opening, the price was strong and closed at 121730 yuan, up 1.27%. LME3 nickel closed at US $16110, up 0.37%.
2、 Market analysis
The U.S. fiscal stimulus bill ushered in the dawn, and confidence in the commodity market revived. Overnight, lunni rebounded strongly. The latest closing price was $16050, up $400, or 2.56%, from the previous trading day, reaching a high in nearly a year. London Metal Exchange (LME) 20 Lun nickel inventory was 236832 metric tons, 510 metric tons less than the previous trading day. The overseas epidemic situation has not been effectively controlled. Due to the temporary closure of some mines due to the global epidemic situation, the agency predicts that the world nickel production will drop by 7.4% this year, and domestic nickel mines at the supply end are still tight. In the near future, the largest domestic electric vehicle plant will be put into production, or boost nickel demand. The downstream stainless steel supply is sufficient, but on the whole, the consumption peak season expectation in September has fallen short. Indonesia’s ferronickel construction step by step, there is a risk of incremental supply in the future.
3、 Future prospects
Aftermarket forecast: nickel ore is still tight in the short term, and the largest electric vehicle plant in China is about to be put into operation, which is favorable for nickel price. However, Indonesia’s new steel-making capacity is about to be put into operation, and it is expected that the short-term fluctuation of nickel price will be strong.
| Melamine |