Nickel & stainless steel | recent gains callback to do weekly newspaper layout

Nickel & stainless steel | recent gains callback to do weekly newspaper layout

This week nickel price performance is relatively strong, continued high, mainly due to the new energy sector by the hot funds, nickel also benefited.In addition, the earthquake in Indonesia also made the market a certain bullish sentiment.Stainless steel is high fall.The stainless steel market is widely said to be limited by logistics, capacity decline, resulting in a further strain of spot supplies, pushing up its price, but due to the impact of transportation tends to be short-term, stainless steel then also fell quickly.

The earthquake in Indonesia, the epicenter of which is close to the Morowali Industrial Park in Castle Peak, Indonesia, although causing some market concern, but the actual impact on local production is limited.The tight domestic nickel mining pattern does not change, but there are signs of a fall in nickel prices, but the Indonesian Ministry of Energy and Mines raised the nickel ore benchmark price, nickel prices brought some support.In terms of inventory data, Mysteel data showed that as of January 8, the domestic nickel mine inventory at 15 ports was 9.9736 million tons, down 513,400 tons compared with last week.