According to the CITIC Construction Investment Research Report, nickel prices rose slightly this week. SMM's spot stock was 1 #镍周均价12 .67 million yuan, up about 1.3% from week to week. Due to cost support and supply disturbances, nickel prices have shown strong performance recently. On the supply side, due to the El Niño drought in Indonesia, the RKEF nickel and iron plant in the IMIP park began to cut production due to tight production and water supply. The operating load was reduced by about 30%-40% compared to the previous one. If it continues for half a month, it is expected to affect the production of high-nickel pig iron by about 50,000 to 70,000 physical tons, equivalent to 5,500-7,700 nickel tons. The consumer side ushered in “gold, nine, silver, ten”. Demand improved marginally, and pre-holiday preparations supported delivery. Domestic refined nickel continued to be removed from storage, and both the stock of nickel and society declined in the previous period.

According to the CITIC Construction Investment Research Report, nickel prices rose slightly this week. SMM's spot stock was 1 #镍周均价12 .67 million yuan, up about 1.3% from week to week. Due to cost support and supply disturbances, nickel prices have shown strong performance recently. On the supply side, due to the El Niño drought in Indonesia, the RKEF nickel and iron plant in the IMIP park began to cut production due to tight production and water supply. The operating load was reduced by about 30%-40% compared to the previous one. If it continues for half a month, it is expected to affect the production of high-nickel pig iron by about 50,000 to 70,000 physical tons, equivalent to 5,500-7,700 nickel tons. The consumer side ushered in “gold, nine, silver, ten”. Demand improved marginally, and pre-holiday preparations supported delivery. Domestic refined nickel continued to be removed from storage, and both the stock of nickel and society declined in the previous period.