On February 15, spot nickel fell slightly. The spot price of nickel was reported at 176,400 yuan/ton, down 0.75% from the previous trading day and up 14.27% from the beginning of the year.

The dollar's rise limited metal prices, and London's nickel fell overnight to close down 0.04%. The escalation of the conflict between Russia and Ukraine has led to rising concerns about supply interruptions of aluminum and nickel, and the market is dominated by wait-and-see sentiment. At present, the tight supply of nickel remains, and the strong development of new energy vehicles has led to a steady increase in the demand for nickel for batteries. LME inventories continue to deplete, premiums remain high, and the market is expected to squeeze. It is expected that the short-term volatility of nickel prices will be the main trend.

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