The U.S. dollar's further recovery has put pressure on the metal. Overnight, lunni opened high and went low and closed down by more than 1%; in the first half of the year, Russian nickel exports fell sharply year-on-year. Under the epidemic situation, most nickel enterprises in the world recorded losses, and nickel prices were under pressure.

Industrial metals declined over the weekend as a result of long profit taking triggered by a higher US dollar, but the decline was limited by expectations of global economic growth and stronger demand.

In addition to gold, silver and precious metals, nickel is the star in the domestic futures market recently. On August 6, 2010, Shanghai nickel's main contract rose again, reaching 117220 yuan / ton, a new high since November 2019. By the end of the morning, the main contract was at 2.55%, up 2.55%.

Smm8, June 6: in the morning trading today, Shanghai nickel fell slightly from last night's high. As of 10:10 a.m., Shanghai nickel's main contract 2010 reported 114110 yuan / ton, up 2.3%. Yesterday night, Shanghai nickel soared vigorously, once rising to 117220 yuan / ton, the highest since November 2019.

A few days ago, Guizhou Steel Rope Co., Ltd. came to Hongxing Co., Ltd. to add 82B product orders. The good market performance of various wire rods in rolling mills is attributed to the optimization of the production process from the source of raw materials entering the mill and the substantial improvement of the quality of various wire rods. This year, the total number of wire rod orders has doubled compared with the same period last year.

There are two main driving forces: one is the supply side, the domestic and Indonesian ferronickel production progress is faster than the market expectations, especially the domestic Shandong Xinhai Science and Technology ferronickel production speed is too fast to make the market have expectations of excess ferronickel supply; the other is the downstream consumer side, after the year, the stainless steel market continues to be depressed, prices continue to fall, inventory continues to rise, even into the peak consumption season. After that, it is still in the library.

Domestically, the macro data in April are weak, but our economy is still resilient. In the spot market, the price of electrolytic nickel rose slightly.

The number of imports and exports of stainless steel is declining. In 2010, China formally realized net exports of stainless steel, and the number of net exports continues to grow. From 205,500 tons in 2010 to 277,200,000 tons in 2017, the annual composite growth rate is 45.02%.

Nickel is the second most important alloy element in stainless steel after chromium. In order to resist the corrosion of reducing acid and alkali medium, it is not enough to contain only nickel in steel. Nickel must be added to steel. Nickel can promote the stability of stainless steel densification film and improve the thermodynamic stability of stainless steel.

To gather all the forces of the whole system, establish a long-term support system and working mechanism, and quickly realize the comprehensive docking of various management businesses, so as to ensure that Baowu Aluminum Industry goes into operation smoothly as planned and achieves rapid production and effectiveness.