Shouchuang Futures: Market sentiment eases, nickel prices bottom out and rebound

Today, nickel prices continued their previous decline, with an intraday drop of over 2%, approaching 135k. In the afternoon, as market sentiment eased, nickel prices rebounded from the bottom, and the decline narrowed. Yesterday, a 7.9 magnitude earthquake on Mindanao Island, Indonesia, triggered a tsunami warning, causing some local mining companies to temporarily halt loading in Indonesia, but the earthquake was deep and the impact was minimal, with most mining operations functioning normally. The impact of Indonesian policies on nickel supply has not yet fully manifested, and domestic nickel inventories are still accumulating, putting some pressure on nickel prices. However, risks are gradually being released, and it is expected that nickel prices will stabilize around 135k as demand recovers and rebounds. (First Capital Futures)
XNI-1.75%
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