On January 10, the spot price of nickel was 157,516.67 yuan / ton, up 2.11% from the previous trading day.

The U.S. employment data was poor, and the dollar fell under pressure. The next week, London nickel closed up 1.86%. High energy costs have caused refineries to cut production, and global nickel inventories have remained depleted, and nickel prices are still supported. Market transactions have been suppressed, traders are afraid of high and cautious purchases, and the spot transaction has not improved under the circumstance that the supply of goods is reduced. It is expected that the short-term wide fluctuation trend of nickel will be the main trend.

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