On the 22nd, the spot nickel price rose slightly, quoting 14,973.33 yuan/ton, a slight increase of 1.08% from the previous trading day, an increase of 16.86% from the beginning of the year, and a year-on-year increase of 25.44%. On the 22nd, the main force of Shanghai nickel opened at 146740 yuan. After the opening, the trend of Shanghai nickel opened higher and remained high and fluctuated. The highest closed at 148970 yuan, and the end closed at 148530 yuan, an increase of 2.65%. On the 22nd, the March nickel trend of the LME fluctuated upward, and closed at US$20030 at the time of writing, an increase of 0.07%.

The US economic data is improving, and the manufacturing industry exceeds expectations. At present, the Philippines is affected by the rainy season, and the output of nickel ore is affected, and the problem of shortage of raw material supply still exists. Superimposing the current global nickel supply is in a state of shortage, and the continuous development of the new energy industry has boosted the downstream demand for nickel, which strongly supports the trend of nickel prices. It is expected that nickel will continue to fluctuate widely in the short term.

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