From the fundamental point of view, Maike futures Beijing business department official Guo Qing said that in May the Philippines to China, the larger nickel ore, the chain increased by more than 90%, the impact of domestic nickel ore supply and demand balance. Imports continued to increase in June, inventory pressure intensified, is expected to 7-8 months nickel ore supply is still in a state of excess.304 stainless steel sheet&coil

Some nickel-iron enterprises began to resume production and production in June, but due to the current production is still at a loss, therefore, 7-8 months capacity increase is limited. July Indonesia Qingshan stainless steel production, will reduce Indonesia's exports of nickel pig iron, coupled with the domestic stainless steel plant after the repair will continue to consume nickel ore inventory.scrap steel exports,scrap steel prices

June stainless steel profits increased significantly, into July, after August, Delong, Indonesia Qingshan stainless steel production will also accelerate the consumption of nickel, expected to have some support for nickel prices. In addition, China's SHF nickel open library published data, China's nickel supply and demand is still in a tight state, does not support a substantial decline in nickel prices.Mirror Polished 201 Stainless Steel Welded Tube

Cao Yang said that the supply side, the Philippine nickel ore supply to repair the fear will accelerate, the Indonesian mine to return to the market steadily, the risk of decline in nickel nickel ore is still, which will be the next domestic iron and steel plant to create conditions for resumption of production. At the same time, the Indonesian nickel iron production capacity will accelerate the release of the global supply of raw nickel level.stainless scrap steel round channel