Participants in nickel and stainless steel market should keep cautiously temporarily watch and wait for a clearer signal

In the field of pure nickels, due to the fierce fluctuations of nickel prices and the market stocks in the early stage of the market are relatively sufficient, the transaction situation of the spot market is not good. In addition, Nickel's nickel production in the first quarter decreased by 10%year -on -year.

 

Although the demand for the nickel sulfate market has continued to exist, the growth rate has slowed down, and some downstream companies have begun to prepare for raw materials in May. Due to the temporary inspection of the customs and the requirements for the transportation of hazardous chemicals, the efficiency and cost of MHP may be affected. Although the rise in nickel prices has promoted the strengthening of the price of intermediate products, the downstream market is not high in acceptance of prices.

 

In the nickel iron market, the price remains a strong trend. Domestic iron factories have continued to reduce production. At the same time, the news of the collection of storage has positively affected the iron prices. Recently, the transaction price of nickel iron has continued to rise.

 

In terms of stainless steel market, stainless steel mills intend to control market prices by reducing market supply. The price of nickel iron at the cost end remains strong. However, with the gradual repair of the profit of stainless steel mills, the suppression of upstream raw material prices has weakened. Driven by the initial price increase atmosphere, the situation of inquiry has changed, but the actual transaction situation is still weak. For the future trend of the nickel and stainless steel market, market participants should be cautious and temporarily wait and wait for a clearer signal.
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