Group 1 - Nickel prices are experiencing a weak fluctuation, with SMM1 nickel quoted at 123,000 CNY/ton, down 600 CNY/ton, and Jinchuan nickel also at 123,000 CNY/ton, down 600 CNY/ton [1] - The futures market shows the main contract for nickel closing at 120,850 CNY/ton on September 10, with a slight decline of 0.07% [2] - Indonesia's nickel pig iron (NPI) exports increased significantly, with a total of 6.701 million tons exported from January to July 2025, marking a year-on-year increase of 1.384 million tons, or 26.0% [3] Group 2 - The analysis from Jianxin Futures indicates that the approval cycle adjustment for RKAB in Indonesia may disrupt supply in the second half of the year, but the decline in nickel ore prices is expected to be limited [4] - The report suggests that while the supply of refined nickel is under pressure, the current market is supported by nickel ore and cost factors, making a significant drop in prices unlikely [4] - The demand for nickel sulfate is expected to remain stable due to low inventory levels and ongoing raw material procurement needs from downstream enterprises [4]
下游存原料采购需求 预计镍价随宏观情绪波动
Jin Tou Wang·2025-09-10 08:36