Nickel Market Sees Flat Quotes, Low Trading Volume Amid Post-Lantern Festival Demand Uncertainty

Published: Mar 2, 2026 12:03

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[SMM Nickel Flash] On March 2, from the supply side, most upstream quotes remained flat MoM, with the bottom still supported by costs. From the demand side, as the Lantern Festival has not yet passed, there has been no significant release of procurement demand downstream, and the market only saw a small amount of restocking for essential needs. Overall, trading volume remains low, and the gap between upstream and downstream is gradually narrowing, but the market is still waiting to see the sales situation of finished stainless steel products after the Lantern Festival.

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