1、 Trend analysis

According to the nickel price monitoring of the business society, on the 16th, the spot nickel price fell slightly, with a quotation of 14566.67 yuan / ton, a slight decrease of 0.04% compared with the previous trading day, an increase of 13.53% compared with the beginning of the year and a year-on-year increase of 10.19%.

Combined with the tightening of monetary policy by the Federal Reserve and the production of new production capacity in Indonesia, lunni closed down 2.4% overnight, hitting a new low for more than two months; The reduction of production after the steel plant’s profit loss led to a decline in the demand for raw materials. The downstream steel mills have successively heard the news of production reduction, and the pressure on ferronickel to make profits is great. The production and sales of new energy vehicles reached a new high, but the production of nickel sulfate decreased due to poor production profits. Domestic inventory is low, and nickel is expected to be dominated by short-term shock consolidation trend.