Regarding domestic enterprises’ nickel ore inventories, factory nickel ore stocks remain at... 15 Heaven arrives. 30 The supply of raw materials is virtually exhausted, and some factories have already begun to cut production and schedule maintenance. Several nickel-iron plants have already shown signs of reduced output or even temporary shutdowns. It’s expected that large-scale production halts will occur within the next month.

　　Nickel plate inventories have declined significantly, from... 2016 Year 8 The month is coming. 2017 Year 3 Monthly domestic nickel plate inventories have cumulatively declined. 8 Over 10,000 tons. Among them, Shanghai nickel inventories have fallen from their highest level... 11.35 From ten thousand tons down to the current level 8.38 Ten thousand tons, a decrease of approximately 4 Ten thousand tons—the country’s major nickel plate warehouses from 8 From around 10,000 tons down to the current level. 4 The level of around 10,000 tons has seen a cumulative decline in domestic nickel plate inventories of no less than... over the past six months. 8 Ten thousand tons—spot trade reveals a relatively tight supply of nickel resources between China and Russia. Nickel plate inventories in bonded warehouses also remain low, and the premium for U.S. dollar-denominated goods has risen since before the Spring Festival. 100 Below the US dollar, rising to the current level. 150-160 Around US dollars, with a noticeable increase.

　　Affected by the tight supply of nickel ore and the near-depletion of existing nickel ore inventories, it is expected that... 3-4 During the month, several nickel-iron enterprises in China have already experienced or are expected to experience maintenance shutdowns or production halts. The statistical breakdown is as follows:

　　 2016-2021 The 2023 China Nickel Ore Industry Market Demand and Investment Consulting Report indicates that the aforementioned enterprises... 2 The month maintained basically normal production, and in... 3-4 There is a high probability that nickel-iron production in Northeast China and Inner Mongolia will decline significantly this month. According to current statistical data, this decline is affecting high-nickel-iron production. 4.2 Around 10,000 tons.

　　Some other companies, such as Chendong Chemical and Lutai, have already experienced production halts at an earlier stage. From the perspective of total production capacity, high-nickel iron enterprises in Northeast China and Inner Mongolia have already... 2013 At the annual peak 150 Home has been reduced to only the current level. 10 Around the home, the nickel-iron industry is at a stage of replacing old capacity with new capacity and shifting production capacity.

　　The tight supply of nickel ore is not limited to the northern regions; according to reports, several large nickel-iron smelters in the southern region have also been actively procuring nickel ore recently. Moreover, regarding shipping schedules, priority is being given to cargoes that can arrive at ports in the near future. The further intensification of the supply-demand imbalance for nickel ore has led to a situation where, despite the recent sharp decline in nickel prices, the price of nickel ore has actually risen instead of falling. Meanwhile, supported by rising nickel ore costs, the delivered price of high-nickel iron in the Guangdong region this week has reached... 950-960 Yuan / Nickel. Nickel prices have recently plunged sharply, but nickel-iron has proven relatively resilient to price declines.