On January 14, nickel prices rose slightly by 1.09%

1、 Trend analysis


Nickel prices rose slightly on the 14th, with the spot price of 134533.33 yuan / ton, up 1.09% from the previous trading day, 4.99% from the beginning of the year, and 18.76% from the same period last year, according to nickel price monitoring of business association.


2、 Market analysis


Recently, nickel price fluctuated widely. The sales volume of new energy vehicles in China and Europe is bright, the demand is still good, the performance of refined nickel is strong, and there is still strong support below. However, due to the interference of epidemic situation, the uncertainty increases. London Metal Exchange (LME) nickel stocks reported 249432 metric tons on the 13th, 234 metric tons higher than the previous trading day.


Future forecast: nickel is supported by the new energy industry, combined with the impact of tight spot inventory, while the demand for stainless steel is likely to decline near the Spring Festival, and the contradiction between supply and demand in the market is expected to weaken. Nickel prices are expected to remain volatile in the near future.