What are the reasons for the decline in nickel plate prices?

1. Substantial increase in supply: The continuous increase in nickel production has led to an oversupply in the market, which in turn has lowered the price of nickel plates.

2. Insufficient demand: The slowdown in global economic growth and the intensification of international trade frictions have led to a decrease in demand for nickel plates and a drop in prices.

3. Macroeconomic situation: The global macroeconomic situation is unstable, and investors are worried about the slowdown in economic growth, which has led to weak demand for commodities such as nickel plates and a drop in prices.

4. Policy impact: Some governments have introduced nickel mining and export policies, which has led to an increase in supply and a drop in prices.

5. Financial market fluctuations: Fluctuations in the financial market will affect the prices of commodities such as nickel plates, and changes in market speculative sentiment will also lead to price fluctuations.