Indonesia's high nickel matte puts into production, and nickel prices may plummet on March 4
The U.S. dollar rose and international metals suffered a heavy setback overnight. Nickel plunged 7.72%; Indonesia's high matte nickel was successfully put into production to ease supply pressure, and the decline in stainless steel prices caused a setback in spot nickel prices.
Nickel futures: The US dollar rose, and international metals suffered a heavy fall overnight. Lun Nickel plummeted; Lun Nickel’s latest closing price was at US$17,280, a drop of US$1,445 from the previous transaction, or 7.72%, and 22,986 lots were traded, an increase of 12,249 from the previous trading day. , Positions 230,835 hands, an increase of 1591 hands over the previous trading day; Shanghai nickel fell sharply in the evening, the intraday gap went down, the main month of Shanghai nickel 2106 contract fell, the latest closing report 130700 fell 8150, a decrease of 5.87%.
The London Metal Exchange (LME) 03-day nickel stocks reported at 261534 metric tons, an increase of 2742 metric tons from the previous trading day.
Changjiang Nickel Industry News: Today, the performance of Shanghai nickel futures was mixed. The opening price of the main month 2106 contract was 133000 and fell 5850. At 9:20, the Shanghai nickel main 2106 contract was reported to 130600 and fell 8250. Shanghai nickel rose and fell mixed, and opened low during the session. Substantial decline; Indonesia's high matte nickel successfully put into production to ease the supply pressure, the nickel price rise ended, and the decline in stainless steel prices caused a setback in spot nickel prices. Market transactions were sluggish. Nickel is expected to plummet today.
