The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Sep 26, 2023

SMM nickel-chrome-manganese-stainless steel industry chain price list

As the holiday approaches, the overall operating rate has decreased. Terminal procurement is more likely to wait for the price trend after the holiday, and it is expected that stainless steel prices will remain weak in the short term.

At a time when there is still expectation of production reduction and supply is tight, but demand is improving compared to before, there is still a possibility of an upward trend in nickel sulfate prices.

Copper prices went down overnight on rebounding US dollar index

Overnight, the most-traded SHFE nickel contract opened at 157,210 yuan/mt, and closed at 158,160 yuan/mt, up 950 yuan/mt.

SHANGHAI, Sep 26 (SMM) –As of September 22, port inventories of nickel ore in China stood at 8.108 million wmt, up 129,000 wmt WoW. The total Ni content was 63,670 mt.

According to CNN, a spokesperson for the U.S. Federal Reserve Board said on September 22 that the Fed will lay off about 300 people by the end of this year, which is the first time the agency has laid off employees since 2010.