Weekly review: Shanghai Nickel 2212 contract was blocked in the upward direction, because the US economic data showed that the prospect was still worried, and the rise of the US dollar index slowed down; The downstream demand of nickel market performed well, but the market was afraid of high spirits, and the spot premium fell back.

On the macro level, the market continued to play the game of interest rate increase in December, and energy, geopolitical conflicts and other issues frequently disturbed the macro sentiment. It is expected that nickel price will not have a trend under the situation of long and short, or continue to be dominated by shocks.

Viewpoint: nickel shock continues and stainless steel falls in resistance

Since this year, Baosteel Special Steel super austenitic stainless steel cold-rolled products to achieve 0.8-3 mm full process through and small batch production, 1-5 in total storage of 540 tons, the product quality has been recognized by the market.

On the morning of 28, held in Yangjiang city and the key project of stainless steel deep processing technology renovation project groundbreaking ceremony, a total investment of about 2 billion yuan in Guangdong deep processing of Green Metal Technology Co. Ltd.

SMM July 20th news: yesterday, LME nickel plate opened at $9740 / ton, morning LME nickel fell concussion, turned green from red, below the average pressure

On Monday, Lun zinc concussion strong, Aaron nickel rose slightly. Zinc, the downstream consumption into the seasonal slowdown in demand for off-season, zinc ingots, spot procurement cautious, the current price of zinc suggest cautious

According to the social business data show that: in June 21st, 304 1.0*1219*2438 stainless steel plate market price at 12705.38 yuan / ton, compared with the previous day rose 0.31%, the current mainstream negotiate prices in 11900-13200 yuan / ton, today most of the stainless steel market continued rising trend, selling part of the business profits, prices fell slightly.