Gate.io data on December 14th, Antai Technology's report shows that the nickel price in the first half of 2024 surged and then fell back, as the destek cost below is still there. After reaching a temporary low in late July, the entire price showed a pattern of bouncing off the bottom and resistance to downward movement, with both upward and downward momentum being weak. Returning to the fundamentals, there is oversupply, and the temporary improvement in downstream consumption has limited impact on price increases. Overall, the price of nickel has been relatively range-bound this year, with Shanghai nickel reaching a high of 160,000 and a low of 119,000, mainly fluctuating in the range of 120,000 to 140,000. Looking ahead to the next year, it is expected that both upward and downward momentum of nickel prices will be weak. The main contradiction still lies on the supply side. In 2025, it is expected that the price difference between products will further converge, the price center will shift downwards, and the expected range for LME nickel is between $14,500 and $18,500 per ton; and the range for Shanghai nickel is between 120,000 and 170,000 yuan per ton.
View Original
The content is for reference only, not a solicitation or offer. No investment, tax, or legal advice provided. See Disclaimer for more risks disclosure.
An Taike: Küresel nikel endüstrisinde aşırı arz beklentisi daralıyor, nikel fiyatları muhtemelen dip yapacak
Gate.io data on December 14th, Antai Technology's report shows that the nickel price in the first half of 2024 surged and then fell back, as the destek cost below is still there. After reaching a temporary low in late July, the entire price showed a pattern of bouncing off the bottom and resistance to downward movement, with both upward and downward momentum being weak. Returning to the fundamentals, there is oversupply, and the temporary improvement in downstream consumption has limited impact on price increases. Overall, the price of nickel has been relatively range-bound this year, with Shanghai nickel reaching a high of 160,000 and a low of 119,000, mainly fluctuating in the range of 120,000 to 140,000. Looking ahead to the next year, it is expected that both upward and downward momentum of nickel prices will be weak. The main contradiction still lies on the supply side. In 2025, it is expected that the price difference between products will further converge, the price center will shift downwards, and the expected range for LME nickel is between $14,500 and $18,500 per ton; and the range for Shanghai nickel is between 120,000 and 170,000 yuan per ton.