The height of Shanghai Nickel’s shock rebound is determined by macro sentiment

On June 12, the main contract of Shanghai Nickel opened higher, and then fluctuated within a narrow range, with an intraday increase of more than 2%.

Nanhua Futures said that in the long run, the main logic of strong nickel supply and weak demand remains unchanged, and the trend is downward, followed by stainless steel; in the short term, the macro disturbance is obvious, and the long-short intertwined game on the disk is obvious. The fundamentals of easing and weak demand continue to exert pressure, and it is expected to maintain shock operation.