Overnight, LME nickel fell 0.14%, while Shanghai nickel rose 1.07%. On the inventory side, LME nickel inventories rose 120 tonnes to 89,562 tonnes yesterday, while domestic SHFE warehouse orders fell 517 tonnes to 20,543 tonnes yesterday. In terms of the premium, the LME premium remained negative in 0-March; the imported nickel premium decreased by 50 yuan / ton to-50 yuan / ton.
In terms of stainless steel, the social inventory of 78 samples is 1.1018 million tons, up 5.1% week on week, market need procurement, inventory level is high; supply side, June production 3.3628 million tons, up 2.43% month on month, 10.32% year on year, cost end, ore price is still firm, nickel iron price slowed down, forming a certain profit on stainless steel; cost end, recent nickel iron price weakened; end demand is still having a drag. In terms of the new energy industry chain, the production schedule of ternary precursor and ternary materials in June is still pessimistic, and the demand for nickel sulfate may weaken, and its cost end will fall recently with the nickel price. In the short term, under the influence of macro and industrial chain news, the product prices of all links in the industrial chain have fallen. After the rapid price decline in the early stage, the lower space is limited, Pay attention to the actual volume speed and premium of nickel ore.