1、 Trend analysis
According to the nickel price monitoring of the business society, on the 26th, the nickel price continued to rise. The spot nickel quotation was 147083.33 yuan / ton, up 2.74% from the previous trading day, 14.79% from the beginning of the year and 35.66% year-on-year.
Spot nickel prices continued to rise slightly, with a single day increase of 4000 yuan / ton. The rise of nickel price is related to the increased demand boosted by the development of new energy industry. First, BHP Billiton, a global mining giant, suddenly announced that it had signed a nickel supply agreement with Tesla, a new energy vehicle giant, which was provided by its company Western nickel. Then Toyota suddenly announced that the “bipolar NiMH battery” had been put into mass production and installed in the hybrid system. In terms of supply, affected by the weather and epidemic situation, Philippine shipments are also relatively small, and nickel ore prices are high. According to the latest estimate of the International Energy Agency (IEA), the global demand for cobalt and nickel will increase 20 times in the next 20 years, resulting in nickel shortage.
Forecast: the supply is tight and the demand is optimistic. It is expected that the nickel price will still operate strongly in the short term.
| Sulfamic acid |