At present, the global epidemic situation, countries continue to introduce stimulus measures to deal with the rescue of the market, and the LME nickel fluctuation rebounded to around 11,500 platforms. Under the effect of the rising nickel price, the trading atmosphere of stainless steel scrap gradually warmed up. The steel mills' purchase demand intervened, driving the recycling traders in the industry to re-actively prepare materials. The trading price negotiation rose from a low level, and the supply of goods was significantly improved. As for the future market, the global epidemic outbreak is not under control at present, and consumption and manufacturing industries in various countries are seriously affected. It is difficult for LME nickel to continue its rebound. It is estimated that the market will transition through repeated shocks.