Sufficient supply, weak downstream, nickel price fell slightly on July 15

1、 Trend analysis

 

Melamine

According to the nickel price monitoring of the business agency, on the 15th, spot nickel fell slightly, and is now at 107816.67 yuan / ton, down 0.14% compared with the previous day, 5.2% lower than the beginning of the year, and 1.36% higher than the same period last year. Shanghai nickel mainly opened at 109000 yuan, then the price was weak, closing at 108570 yuan, down 0.44%. LME3 nickel closed at US $13545, down 0.40%.

 

2、 Market analysis

 

At present, although the epidemic situation in Indonesia is relatively severe, the production progress of nipi has not been significantly affected. The logistics situation of nipi from Indonesia to China has always been normal, and the commissioning progress is slightly faster than expected. Therefore, there is a large probability of sufficient supply of nipi in Indonesia. Nickel production of stainless steel accounts for about 70% of the total consumption. At present, stainless steel enters the off-season after July. Some special steel plants are expected to start maintenance in July, which is pessimistic.

Sodium Molybdate

 

3、 Future prospects

 

Aftermarket forecast: Although the current nickel price has been in a low level range, the raw material nickel pig iron supply is sufficient, and the mainstream stainless steel manufacturers may not significantly reduce the production. It is expected that the nickel price will mainly fluctuate in the short term.

http://www.lubonchem.com/