华泰期货：印尼事件持续刺激，镍不锈钢维持反弹

Group 1: Nickel Market Analysis - The main contract for nickel opened at 120,280 CNY/ton and closed at 123,440 CNY/ton, reflecting a change of 3.92% from the previous trading day, with a trading volume of 386,986 lots and an open interest of 134,454 lots [11] - The strong upward trend in nickel futures is driven by significant reductions in Indonesian nickel ore quotas, along with external market influences and the entry of bullish funds, indicating a notably strong short-term sentiment [11] - Recent nickel ore market transactions show stable prices, with domestic 1.3% nickel ore priced at CIF 39.5 USD and Philippine 1.3% nickel ore at FOB 33.5 USD, while domestic procurement sentiment may slow due to profit losses in downstream iron factories [11][12] Group 2: Stainless Steel Market Analysis - The main contract for stainless steel opened at 12,840 CNY/ton and closed at 12,905 CNY/ton, with a trading volume of 168,990 lots and an open interest of 100,771 lots [14] - The stainless steel futures market is experiencing a passive follow-up trend with increased volume but reduced open interest, primarily driven by the strong rise in nickel prices [14] - Downstream purchasing remains cautious, focusing on demand-based procurement, leading to a slowdown in inventory depletion, with prices in Wuxi and Foshan markets at 12,975 CNY/ton and 12,950 CNY/ton respectively [14]