Overnight Shanghai nickel main contract shock down, Lun nickel shock finishing, the current Indonesian ferro nickel reflux is still high, Indonesian ferro nickel impact continued.
At present, most of the domestic stainless steel factories have completed the phase of procurement, the terminal market is still not obvious recovery, under the pressure of consumption and production steel mills on nickel iron suppliers high offer acceptance is low, psychological price or to 1360 yuan/nickel (including tax to the factory) direction close.
In the future, a new round of steel purchasing may begin, and there is still a large space for market bargaining, waiting for a new round of price landing. The price of battery grade nickel sulfate is 38,500 yuan/ton, the same as last week. The new energy subsidy is withdrawn from the market, and the demand for car assembly has basically been completed, which causes pressure on manufacturers.
With the increasing supply of nickel sulfate raw materials, the cost center of gravity is facing downward shift. However, the news of Qingshan's production of electrodeposition nickel is leaked out, and the excess pressure of nickel sulfate is relieved to some extent, and the premium space of pure nickel relative to the industrial chain will be squeezed.
On the whole, the medium-term fundamentals are driven down, and the short-term industry is empty, nickel price or rebound, it is recommended to choose the layout of empty single. Arbitrage, the primary nickel forward supply pressure is gradually cashing in, it is recommended to intervene in the interperiod positive set of combinations.
