The tight trend of nickel supply is expected to remain strong [SMM Nickel Weekly selection]

"SMM Nickel Industry chain Weekly report" is released. SMM will select hot topics, prices, quotations or major changes in the industry chain and release information for your reference.

The following is an excerpt from the weekly report of the SMM nickel industry chain:

In the first week after the festival, the performance of nickel price is still relatively bright. After the festival, the center of gravity of nickel price has been rising steadily. Before the festival, SMM mentioned that the continuous going to the library at home and abroad has led to a sharp rise in the price of nickel.

"View SMM Nickel data Kanban

In the first week after the festival, spot goods arrive one after another, although the rising water has been reduced, but the absolute price is still high. The exorbitant absolute price makes the downstream procurement "prohibitive", the consumption is delayed, and the social inventory is slightly burdened this week. However, the current contradiction of nickel has not been resolved, and the global supply of pure nickel continues to fall short of demand.

"View SMM Nickel spot Historical Price

The impact of the tight supply of nickel raw materials was transmitted downstream, and the output of nickel sulfate declined. In January, the output of nickel sulfate fell 6.25% from the previous month. While the demand side is still growing positively, the price of nickel sulfate will also rise, and the upper limit of nickel price will effectively move up.

Generally speaking, the basic effect of short-term nickel on nickel is still positive. Next week, the price range of nickel in Shanghai is expected to be 17-178000 yuan / ton; Lunni is 23000-23800 US dollars / ton.

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[China Nickel Industry chain High-end report] China Nickel Industry chain monthly report includes macro interpretation, monthly nickel price review, interpretation of hot events in various sections of the nickel industry chain (nickel ore, electrolytic nickel, nickel pig iron, stainless steel, ferrochromium) and other hot events, future forecasts, and Synchronize releases monthly relevant enterprise operating rate and inventory survey data, covering the entire nickel industry chain.

[China Nickel Industry chain routine report] China Nickel Industry chain Weekly report includes macro interpretation, weekly review of nickel price, market trends of various sections of nickel industry chain (electrolytic nickel, nickel pig iron, stainless steel, ferrochromium), weekly social inventory, future forecast, comprehensive interpretation of the nickel market in the week.