Nickel futures market: The decline in the US dollar index boosted the metals market, and nickel closed up 1.1 percent overnightbally'spokerroom.1%; Lennon Nickel's latest closing price was 20310, an increase of US$220 from the previous trading day, or an increase of 1.1%. 2689 lots were sold, a decrease of 2609 from the previous day's trading; in the domestic futures market, Shanghai nickel was weak and volatile at night, and finally closed slightly negative. The main contract Shanghai Nickel 2406 closed at 152020 yuan/ton, down 130, or 0.09%.
On May 24, the London Metal Exchange (LME) reported 83988 tons of nickel inventories, a decrease of 54% from the previous trading day's inventories.
Changjiang Nickel Industry News: Today, Shanghai nickel futures opened higher across the board; the main monthly 2406 contract opened at 151990 down 160. At 9:05, the main Shanghai nickel contract closed at 152250 up 100; After the Shanghai nickel futures opened higher, the market fluctuated within a narrow range, and the probability of rebound was quite high; On the macro side, last week's market focus was on the Federal Reserve's interest-rate negotiation meeting, which led to a delay in market interest rate cuts expectations. The yields of the US dollar and US bonds rebounded, and risk asset prices continued to correct in the short term, but the latest announcementbally'spokerroomThe stronger-than-expected economic data from the United States has maintained market expectations for interest rate cuts once. Entering this week, the market will welcome the release of U.S. PCE data, and the macro bullish atmosphere still exists; Indonesia's supply concerns are still there, and nickel intermediates and nickel sulfate spot are in short supply. Shanghai nickel futures mainly fluctuates within a narrow range. Nickel is expected to rise slightly today. The above views are for reference only and are not used as the basis for entering the market (Changjiang Nonferrous Metal Network cjys.cn R & D team 0592-5668838)