Nickel prices have soared by nearly 50% this year.
Starting from the low of $13,334 on January 9, the price of LME nickel has soared, and the highest price has climbed to $19,786 in recent days. The cumulative maximum increase is over 48%.
As of May 9, the price of Jinchuan Electrolytic Nickel (Big Block) has risen to 143,000 yuan / ton.
What is nickel?
Nickel (niè) is a metal element that can be used to make money, stainless steel, etc., and is widely used in military industry. Plating on other metals can also prevent rust. Nickel is also called LME nickel. LME refers to the London Metal Exchange. It is the world's largest non-ferrous metal exchange. His price and inventory have an important impact on the production and sales of non-ferrous metals worldwide.
Why rise?
1. At the beginning of this year, the Indonesian government tightened the ban on nickel ore exports, which is the main reason for pushing up the price of nickel in the past six months. Indonesia is the world's largest exporter of laterite nickel ore, with nickel exports accounting for about one-fifth of the world's total supply. China's nickel resources are in short supply, 99% of nickel needs to be imported, but it is also a large nickel country, so it is extremely dependent on nickel imports from Indonesia and the Philippines. Indonesia's laterite nickel ore has been the main raw material for nickel pig iron smelting in China. Therefore, the Indonesian ban will not let go in the short term, which is equivalent to 60% of China's small and medium-sized nickel enterprises.
2. In the short term, political turmoil between Russia and Ukraine has also triggered market concerns about nickel prices. Nickel production in the region is second only to Indonesia, ranking second in the world. If the West wants to sanction Russia, it also applies to Russia's nickel. Exports have a big impact. The two big cockroaches that produce nickel are in trouble. What is the reason why the international nickel price is not turbulent?
3. China's domestic nickel industry tycoon Jinchuan Group has been continuously raising its nickel price in the past month. The ex-factory price of electrolytic nickel plate in Shanghai area was raised by 2,500 yuan/ton to 127,800 yuan/ton in the first two days (6th). In addition, on the 10th of last month, Jinchuan Group raised the price of nickel by 8,000 yuan/ton, and created a new daily increase since 2011. It was described by the industry as "crazy."
4. The reason for the surge today is mainly due to the suspension of the production of a nickel mine in Vale. The production of fresh water in the Goro nickel mine in New Caledonia has been suspended due to spills, which has aggravated the market's concerns about the supply of nickel.
5, 囤 gold has been out, perhaps not long after, do not know how to lick nickel, aunts can not mix in the circle of Sangu and Liupo. According to media reports, nickel is now found in parts of Zhejiang and other parts of China. The day before, the head of the largest nickel warehouse (China Storage Nickel Warehouse) said at the institutional seminar that behind the rise in nickel prices, there is a large consortium to buy nickel in the market, of which the storage of nickel in March was once a day. The record of 12,000 tons, accounting for one-fifth of the company's inventory. The phenomenon of nickel-nickel is not the first time. In 2009, Wenzhou merchants hoarded metal nickel like gold. The background of nickel-nickel phenomenon was affected by the financial crisis.
6. Southwest Securities forecasts that in the domestic aspect, although the domestic nickel price is currently consolidating from 120,000 to 130,000 yuan/ton, it is still at a lower price, because the nickel smelting cost price is currently higher than the spot price, and the nickel price outlook should be optimistic. Once the resistance level of 130,000 yuan/ton is broken, the nickel price can be seen above 180,000 yuan/ton.
As of May 9, the price of Jinchuan Electrolytic Nickel (Big Block) has risen to 143,000 yuan / ton.
What is nickel?
Nickel (niè) is a metal element that can be used to make money, stainless steel, etc., and is widely used in military industry. Plating on other metals can also prevent rust. Nickel is also called LME nickel. LME refers to the London Metal Exchange. It is the world's largest non-ferrous metal exchange. His price and inventory have an important impact on the production and sales of non-ferrous metals worldwide.
Why rise?
1. At the beginning of this year, the Indonesian government tightened the ban on nickel ore exports, which is the main reason for pushing up the price of nickel in the past six months. Indonesia is the world's largest exporter of laterite nickel ore, with nickel exports accounting for about one-fifth of the world's total supply. China's nickel resources are in short supply, 99% of nickel needs to be imported, but it is also a large nickel country, so it is extremely dependent on nickel imports from Indonesia and the Philippines. Indonesia's laterite nickel ore has been the main raw material for nickel pig iron smelting in China. Therefore, the Indonesian ban will not let go in the short term, which is equivalent to 60% of China's small and medium-sized nickel enterprises.
2. In the short term, political turmoil between Russia and Ukraine has also triggered market concerns about nickel prices. Nickel production in the region is second only to Indonesia, ranking second in the world. If the West wants to sanction Russia, it also applies to Russia's nickel. Exports have a big impact. The two big cockroaches that produce nickel are in trouble. What is the reason why the international nickel price is not turbulent?
3. China's domestic nickel industry tycoon Jinchuan Group has been continuously raising its nickel price in the past month. The ex-factory price of electrolytic nickel plate in Shanghai area was raised by 2,500 yuan/ton to 127,800 yuan/ton in the first two days (6th). In addition, on the 10th of last month, Jinchuan Group raised the price of nickel by 8,000 yuan/ton, and created a new daily increase since 2011. It was described by the industry as "crazy."
4. The reason for the surge today is mainly due to the suspension of the production of a nickel mine in Vale. The production of fresh water in the Goro nickel mine in New Caledonia has been suspended due to spills, which has aggravated the market's concerns about the supply of nickel.
5, 囤 gold has been out, perhaps not long after, do not know how to lick nickel, aunts can not mix in the circle of Sangu and Liupo. According to media reports, nickel is now found in parts of Zhejiang and other parts of China. The day before, the head of the largest nickel warehouse (China Storage Nickel Warehouse) said at the institutional seminar that behind the rise in nickel prices, there is a large consortium to buy nickel in the market, of which the storage of nickel in March was once a day. The record of 12,000 tons, accounting for one-fifth of the company's inventory. The phenomenon of nickel-nickel is not the first time. In 2009, Wenzhou merchants hoarded metal nickel like gold. The background of nickel-nickel phenomenon was affected by the financial crisis.
6. Southwest Securities forecasts that in the domestic aspect, although the domestic nickel price is currently consolidating from 120,000 to 130,000 yuan/ton, it is still at a lower price, because the nickel smelting cost price is currently higher than the spot price, and the nickel price outlook should be optimistic. Once the resistance level of 130,000 yuan/ton is broken, the nickel price can be seen above 180,000 yuan/ton.
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