Nickel prices have repeatedly fallen by the daily limit, making the sentiment of the stainless steel market lose support. With the downward performance of futures, the Market has increased the profit margin, and raw material was priced have taken advantage of the trend to fall. Steel mills are still waiting and watching calmly. Some steel mill agents have taken the lead in adjusting prices.
Once the price shows signs of falling, the demand side begins to wait and see cautiously. The trampling on the trade side has exacerbated the panic of the market. In fact, this is just their speculative position. They have never expected the price to rise and fall sharply. It does not represent the subsequent trend direction. It is easier to fall too much cause easier to rebound.
London Nickel has not fallen by the daily limit yesterday, and futures may have the opportunity to rebound at any time. The Market has to wait and see the follow-up performance be reorganized yet.