I. trend analysis
According to the nickel price monitoring of the business association, the nickel spot price on November 18 was 125283.33 yuan / ton, down 1.67% compared with the previous trading day, up 39.97% compared with the beginning of the year, up 25.44% year-on-year, and up 15.05% compared with the highest point in the year on September 3.
| Thiourea dioxide |
II. Market analysis
Today, nickel prices continue to fall. On the one hand, the price of downstream stainless steel continues to fall recently, and the market is more pessimistic about the demand side. On the other hand, nine nickel mining enterprises have resumed export, which will lead to a substantial increase in nickel mine export, while Philippine nickel miners have also decided to increase nickel mine export recently. Finally, Indonesia’s nickel export data in October increased dramatically, compared with 2018, October 2019 A 300% increase over the same period of the year further dampened sentiment in the nickel market.
| Thiourea |
III. future prospects
Future market forecast: nickel price will continue to be weak in the short term, but in the long term, nickel price is still optimistic in the long term due to the impact of next year’s ban on mining on nickel supply end gap.
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