Nickel prices fell slightly on August 10

1、 Trend analysis

Polyglutamic acid

According to the nickel price monitoring of the business society, on the 10th, the nickel price fell slightly. The spot nickel quotation was 140100 yuan / ton, down 1.18% from the previous trading day, up 9.34% from the beginning of the year and up 24.42% year-on-year.

Nickel prices continued to fall slightly today. Non farm data strongly boosted the US dollar, and Lun Ni closed down 3.23% overnight. Low inventory is still an effective support for nickel price, but the domestic policy of ensuring price and stable supply suppresses the short correction of nickel price. In terms of stainless steel, affected by the correction of sports “carbon reduction”, the futures price fell, and the trend of nickel price was dragged down. New energy consumption remains strong. Jinrui futures pointed out that the strong demand for new energy is the biggest support for nickel, the tight pattern of nickel sulfate crystal is difficult to reverse in the short term, and the sulfur nickel premium primary nickel (nickel bean nickel powder) and nickel bean water nickel plate new energy profit chain will continue.

Forecast: it is expected that spot nickel will maintain a narrow shock trend in the short term.

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