1、 Trend analysis
According to the nickel price monitoring of business society, on the 10th, the nickel price fell sharply, and the spot price was reported as 241216.67 yuan / ton, down 22.22% from the previous trading day and up 96.8% year-on-year.
Affected by the delivery announcement issued by Castle Peak, all nickel prices fell by the limit except for the contracts in recent months. According to media reports, Castle Peak holdings replaced domestic metal nickel plates with its high matte nickel and deployed spot delivery through various channels. The nickel price market has begun to break away from the scope of fundamentals and enter the game of the market for inventory and warehouse delivery, and the market trend is more uncertain. The short-term nickel price is expected to fluctuate sharply.
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