The Federal Reserve is about to make an interest rate decision on the 17th, London metals weakened simultaneously, nickel ore prices remained stable for the time being, ferronickel prices fell by 50 yuan/nickel yesterday, the London Stock Exchange will resume nickel trading tomorrow (March 16), and London nickel will open. The post-run will return to the fundamentals.
In terms of stainless steel, although the spot price increased yesterday morning, the market trading atmosphere plummeted, and the transaction price continued to fall. In addition, the epidemic prevention and control in many places has recently tightened, and many high-speed intersections in China have been closed, and the transportation of steel coils has been hindered.
The price of stainless steel is further negative; the price of nickel price has gradually receded, and the price of stainless steel has risen and fallen. Under the influence of short-term epidemic prevention and control, the transportation of stainless steel is blocked, the transaction is weak, and the price fluctuates weakly.
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