Nickel prices fell in shock this week (3.14-3.18)

1、 Trend analysis

 

Thiourea

According to the nickel price monitoring of the business society, the nickel price rose first and then fell this week. As of March 18, the spot nickel price was 222766.67 yuan / ton, down 0.29% from 223416.67 yuan / ton at the beginning of the week and up 80.74% year-on-year.

 

Nickel weekly rise and fall chart

 

According to the weekly rise and fall chart of business society, in the past 12 weeks, the nickel price has increased by 9, fell by 2 and leveled by 1. Recently, the nickel price has operated strongly.

 

Nickel industry chain

 

Supply and demand: at present, the uncertainty of the macro situation is still strong, superimposing the 25 basis points of interest rate increase by the Federal Reserve on schedule, which has an intensified impact on the trend of nickel price. LME nickel resumed trading and continued to fall by the limit. In view of the price difference between domestic and foreign nickel markets, lunni still has some room for decline in a short time. However, at present, the global refined nickel inventory continues to decline and maintain a very low level, which has strong support for nickel price.

 

To sum up: nickel industry chain enterprises have a strong wait-and-see mood and do not purchase much. The short-term nickel price trend may maintain a wide shock trend.

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