Nickel ore prices are loose, what do you think of the market outlook?

Gold Ten Futures October 28th news, in the fourth quarter, the nickel price contradiction transferred to the demand side, in the case of demand without seeing an increase, it is easy to cause negative feedback in the entire industry chain, driving nickel ore and nickel prices to further fall, referring to the decline from October to January last year. However, it should be noted that in the context of long-term tight mine end and meager profits in downstream links, the downward space for nickel prices is not large, and the reference support point is 120,000 yuan/ton. In terms of operation, it is recommended to still sell short on highs.