On the 9th, the spot nickel price rose slightly, quoting 146,550 yuan/ton, a slight increase of 1.66% from the previous trading day, an increase of 14.37% from the beginning of the year, and a year-on-year increase of 21.45%.A weaker U.S. dollar boosted Nonferrous Metals, and LME Nickel closed up 0.85% overnight. In the third quarter, Sumitomo Metal's nickel production declined compared to the previous quarter. The global nickel supply is still tight, and the superimposed nickel inventory continues to be destocked. Entering November, the main mining area of the Surrey High Nickel Mine in the Philippines has gradually entered the rainy season. Since the end of October, loading has been suspended or new shipping schedules have been suspended. With the advent of the rainy season, nickel ore shipments will appear again. Sexual decline. In November, the domestic stainless steel plant's crude steel production is expected to be 2.5812 million tons, which is expected to increase by 14.39% from the previous month. Nickel is expected to maintain a high-level and volatile trend in the short-term.
