成本支撑依旧坚实 沪镍期货反弹上行

Group 1 - The domestic futures market for non-ferrous metals is showing a predominantly positive trend, with nickel futures experiencing a significant increase, reaching a peak of 137,770.00 yuan/ton, marking a rise of approximately 3.07% [1] - The current nickel market is characterized by a strong upward trend, supported by concerns over tight resource supply and rising boundary costs, despite a seasonal increase in stainless steel inventory due to the Chinese New Year [2] - Analysts from various institutions highlight that the supply-demand dynamics for nickel are improving, with expectations of a 10% to 15% decrease in nickel ore production from Indonesia, which could positively impact the market [2][3] Group 2 - The macroeconomic environment and overall market conditions are currently influencing nickel prices, with a strong US dollar previously causing declines in dollar-denominated metals [3] - The supply side is expected to remain tight due to seasonal weather impacts in major mining regions, which may limit production and shipping volumes [3] - There is a cautious sentiment in the market regarding further purchases at high prices, as many manufacturers have completed their pre-holiday stockpiling [3]