Nickel prices fell slightly on November 15

1、 Trend analysis

According to the nickel price monitoring of the business society, on the 15th, the spot nickel price fell slightly, with a quotation of 147250 yuan / ton, a slight decrease of 0.6% compared with the previous trading day, an increase of 14.92% compared with the beginning of the year and a year-on-year increase of 22.15%. Shanghai nickel opened at 146080 yuan. After opening, Shanghai nickel opened higher and went lower, showing a weak performance, closing at 144800 yuan at the lowest and 145000 yuan at the end, down 0.92%. Today, the nickel trend of LME3 fell back from its high in January, closing at US $19705 at the deadline, down 1.15%.

At present, the situation of power and production restriction in China still exists, but most areas have eased, and the output of stainless steel plants has gradually increased. In the downstream, at present, it has entered the traditional off-season, the demand is relatively weak, and most of them are mainly purchased on demand. Sea freight dropped sharply, and the price of nickel ore was under pressure. Nickel is expected to remain weak in the short term.

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