1、 Trend analysis
According to the nickel price monitoring of the business community, the average price of nickel in the spot market on August 8 was 194000 yuan/ton, down 0.21% from the previous trading day and up 34.58% year on year.
The surge in inflation and interest rate hikes weakened the demand for metals, and Luni closed down 1.76% overnight. Due to poor property market data, the turnover of stainless steel inventory turns weak, the demand for ferronickel is weak, and the inquiry price is scarce. It is expected that spot nickel will fall this year. At present, the supply of goods is still stable, and the decline of spot premium will be postponed due to the weakening of the market; However, due to the fact that the actual demand has not been greatly followed up, the market activity is generally low, which continues the pressure on some merchants to ship. It is expected that nickel price will continue to fluctuate widely.
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