[SMM Analysis: Will Nickel Prices Continue to Fluctuate? A Multi-dimensional Analysis of Nickel Price Trends] This week, Shanghai nickel prices are expected to fluctuate within a certain range. In order to comprehensively analyze the trend of nickel prices, we consider it from multiple dimensions: I. Capital Level From a technical perspective, the current market structure indicates that short-selling forces are still actively selling, pushing down nickel prices. However, the scattered orders in the market show a slight trend towards long positions. Behind this contradictory phenomenon are the following reasons...

On March 18, Jinchuan premium reported 1000-1200 yuan/ton, with an average price of 1100 yuan/ton, the average price was flat compared with the previous trading day, and Russian nickel premium quoted -500 to -200 yuan/ton, with an average price of -350 yuan/ton, down 100 yuan/ton compared with the previous trading day

At present, the Shanghai nickel market is full of emotions between long and short, and it shows a certain strength before the holiday

Today's price shocks upward, mainly due to the capital operation superimposed on the current pure nickel market caused by the tight supply of Russian nickel.