Price trend

According to the nickel price monitoring of SunSirs, on the 15th, the spot price of nickel rose slightly, and the current quotation was 228,333.33 RMB/ton, a slight increase of 2.20% from the previous trading day.

Analysis review

Nickel prices have experienced great ups and downs before, and now they fluctuate widely. Nickel prices are still at a high position, the market is also volatile, and the trend has not returned to normal. Global refined nickel inventories continue to decline and remain at a low level, and the actual supply and demand are strong. The LME said it would resume trading in nickel contracts at 8:00 a.m. London time (4:00 p.m. Beijing time) on March 16.

Market outlook

The nickel price is still at a high position, deviating from the fundamentals, and the London nickel is about to resume trading, and the rational price needs to be restored. Nickel prices are expected to volatile at a high level.

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