1、 Trend analysis

According to the nickel price monitoring of business society, spot nickel fell slightly on the 17th. The spot price of nickel was reported at 176433.33 yuan / ton, down 0.01% from the previous trading day and up 14.29% from the beginning of the year.

The US dollar fell and the overnight nickel closed up 0.34%. The situation in Ukraine eased slightly, turning the market focus to the shortage of energy supply, driving the trend of overnight base metals to continue to rise. The shortage of global nickel supply led to the continuous decline of inventory, but with the production and landing of high matte nickel projects, the high superposition price made the downstream performance wait-and-see, and the upward trend of nickel was blocked. It is expected that the nickel price will maintain the shock trend in the short term.