Source: www.jintou.com
According to SunSirs nickel price monitoring, on the 30th, the average spot market price of nickel was 206,583.33 yuan/ton, an increase of 2.29% over the previous trading day, and a year-on-year increase in the 37.73%.
China’s real estate industry has intensively introduced favorable policies, and the real estate industry uses more metal materials, which has potential support for metal demand, and Lunni rose 5.23%. In addition, the exchange rate of the RMB against the US dollar has strengthened and the import of goods from abroad has decreased. Recently, the supply of nickel in Jinchuan has shown a declining trend. As the price of nickel increases, the willingness of traders to accept orders continues to be suppressed. The market generally reflects that the transaction is weak and stainless steel production has been reduced again. The nickel price is expected to maintain a wide range of fluctuations.
(Article source: SunSir)
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