play2earnnft| Yangtze River Nonferrous Metals: Nickel prices fell on the 24th, both downstream and traders received goods

Ccmn Shanghai Nickel trend: Shanghai Nickel volatility fell after midday todayPlay2earnnftThe main monthly contract of nickel in Shanghai opened at 139970 yuan / ton, the highest in intraday trading was 143360 yuan / ton, the lowest price was 139130 yuan / ton, and the closing price was 142990 yuan / ton.Play2earnnft.68%, Shanghai Nickel's main monthly 2406 main contract turnover is 307135 hands.

According to Changjiang Nonferrous Network statistics: April 24th ccmn Changjiang comprehensive nickel price 140750-143650 tons, average price 142200 yuan / ton, down 1100 yuan, Yangtze River spot nickel price 141100-143300 yuan / ton, average price 142200 yuan / ton, down 1150, Guangdong spot nickel price 143400-143800 yuan / ton, average price 143600 yuan / ton, down 1, 000 yuan.

Ccmn nickel market analysis: current investors are waiting for the GDP data of US gross domestic product to be released on Thursday and the PCE price index report of personal consumption expenditure released on Friday. On the eve of the data release, the market is cautious. The United States released an initial manufacturing PMI of 49.9 in April, which was lower than expected and previous values. The dollar index and US bond yields fell in the short term, which was good for the non-ferrous metals market, and the decline in Shanghai nickel narrowed. National refined nickel production increased month-on-month. Global refined nickel production is expected to be 25900 tons in April, an increase of 4% from the previous month. Nickel supply is still loose, while consumer sentiment is low, and the sharp increase in LME nickel inventory is a strong drag on nickel prices. In terms of nickel mines, with the end of the rainy season in the main mining areas of the Philippines, the number of nickel ships arriving at the port has increased, but there are also relatively many inquiries from factories. Due to the good demand for nickel ore, the quotation of high-grade nickel ore still has room to rise; as for Ferro Nickel, the news of domestic collection and storage is disturbed, the loss of nickel-iron enterprises is superimposed, the iron factory has a strong willingness to raise the price, and the spot market feedback orders increase slightly today. Downstream and traders have received goods, but the overall transaction still needs to be improved, the operation strategy, appropriate replenishment at low prices, pay attention to emotional inflection points, and it is expected that short-term nickel prices will fluctuate weakly. This point of view is for reference only, not as a trading guide (Changjiang Nonferrous Metal net www.ccmn.cn)