1、 Trend analysis

According to nickel price monitoring of business association, nickel price fell slightly on the 7th, with spot nickel price of 126416.67 yuan / ton, up 1.37% from 126716.67 yuan / ton on the previous trading day, down 0.24% from the beginning of the year, and up 34.06% from the same period last year.

2、 Market analysis

Since April, the price of nickel has fluctuated and risen. The US non-agricultural data showed strong performance, and the domestic transaction prospect was optimistic. The Philippines has resumed mining in the near future, but the domestic ports continue to go to the warehouse. Due to the significant callback of nickel in the early stage, the spot market has warmed up, the precursor enterprises have made huge profits in purchasing nickel beans to prepare nickel sulfate, and the consumption of stainless steel terminal and new energy terminal has entered the peak season. It is expected that the short-term fluctuation of nickel price is relatively strong.