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ThemeMoriartyslotThe price of nickel in the Yangtze River non-ferrous market rose subtitle: the main monthly contract of nickel in Shanghai rose 2.Moriartyslot.5% keywords: nickel price, market activity, Fed beige book, supply side news: the price of nickel in the Yangtze River non-ferrous market rose on the 18th, and the main monthly contract for nickel in Shanghai rose 2.5% to close at 138270 yuan / ton. The Fed's beige book shows that US economic activity has expanded slightly, commodities have become more attractive, and domestic commodity futures have generally risen. On the supply side, the supply side of nickel is sufficient, the price of nickel ore is strong, and the ironworks are facing the pressure of loss. Market activity is low, some businesses maintain a wait-and-see trend, it is expected that the short-term nickel price will be mainly strong volatility. This point of view is for reference only, not as a trading guide.
Text of news flash
[Changjiang Nonferrous Nickel Price rising Market activity is on the low side on the 18th]
The price of nickel in the Yangtze River non-ferrous market rose on the 18th. The main monthly contract for nickel in Shanghai opened at 136790 yuan / ton and closed at 138270 yuan / ton, an increase of 2.5%. The price of comprehensive nickel in the Yangtze River was 136750-139950 yuan / ton, with an average price of 138350 yuan / ton, up 2000 yuan.
On the macro level, the Fed's beige book shows a slight expansion in US economic activity, stable inflation expectations, a fall in the dollar index and increased commodity attractiveness. Domestic commodity futures generally rose, Shanghai nickel opened high, the market maintained a high level of operation.
On the supply side, the supply side of nickel is abundant and the price of nickel ore is strong. After the price of battery-grade nickel sulfate fell, the market inquiry activity picked up. Domestic iron mills are facing the pressure of loss, and the price of Ferro-nickel has been raised. Stainless steel production tightened in April, and the field of new energy can still be expected.
In terms of market activity, as nickel prices rise, some businesses maintain a wait-and-see trend, and the overall transaction activity is on the low side. In terms of operational strategy, it is recommended to sell short every high and pay attention to controlling the risk. It is expected that the short-term nickel price will be dominated by strong volatility.
This point of view is for reference only, not as a trading guide.
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