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SunSirs: Nickel Prices in the Chinese Market Rose Slightly on December 6, up 17.36% from the Beginning of 2021 and up 25.98% Year-on-Year
December 07 2021 08:16:48SunSirs(Linda)

On the 6th, the spot nickel price rose slightly, quoting 150383.33 yuan/ton, a slight increase of 1.02% from the previous trading day, an increase of 17.36% from the beginning of the year, and a year-on-year increase of 25.98%.

LME inventories fell to a two-year low, and nickel closed up 0.85% every other week. Indonesia's high matte nickel was put into production, and the tight supply situation eased. On the afternoon of December 4, Indonesian local time, Semeru volcano erupted in the east of Java Island, Indonesia. Semeru volcano is located in East Java Island, Indonesia. It is far away from Sulawesi, the main nickel producing area, and has no impact on nickel production. Obviously affect. According to the China Automobile Association, in October, the production and sales of new energy vehicles were 397,000 and 383,000 respectively, a year-on-year increase of 1.3 times. In December, stainless steel crude steel production was scheduled to be 2,671,600 tons, a month-on-month increase of 2.76%. Long and short are mixed, and nickel is expected to fluctuate mainly in the short-term range.

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