1、 Trend analysis
| Azodicarbonamide (AC foaming Agent) |
According to the nickel price monitoring of the business club, the nickel price first fell and then rose this week. As of May 27, the spot nickel price was 220900 yuan / ton, up 0.74% from 219266.67 yuan / ton at the beginning of the week, up 73.73% year-on-year.
Nickel weekly fluctuation chart
According to the weekly rise and fall chart of the business club, in the past 12 weeks, the nickel price has risen by 7 and fell by 5, and the recent trend of nickel price has mainly fluctuated in a wide range.
Nickel industry chain
LME nickel inventory
| povidone Iodine |
At the beginning of this week, a large number of nickel and iron in Indonesia were released and import increment eased supply concerns, and nickel fundamentals weakened. With the opening of the import window, pure nickel, including most deliverable nickel plates, arrived in the week, easing the supply concerns caused by low inventory in the early stage. In addition, downstream consumption is still affected by the epidemic, and the nickel price began to weaken.
After that, benefiting from the continuous low inventory and an Indonesian Minister said that Indonesia is considering levying export tax on low nickel products to encourage downstream investment. In addition, the domestic market was stimulated by policies, and the demand for ternary precursors returned. The downstream enterprises may increase the purchase volume in June, and the nickel price rebounded sharply after a continuous decline. However, the downstream demand is still weak, and the market trading activity is still poor. In terms of downstream stainless steel, the demand is expected to pick up, but it is still affected by the epidemic, and the consumption is slightly insufficient. On the whole, the supply is loose, the demand needs to be recovered, and the nickel price still fluctuates widely.
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