Ni week review: Aaron nickel short-term or into shock ( 9. 12 - 9. 14)
graph: the LME three-month nickel market day K line
nickel fell, Monday and Tuesday Aaron nickel dropped sharply in a row, below 10000 dollars/tons of round number, as of Wednesday afternoon trading range is 9850 - $10345 / ton. Shanghai nickel 1701 main contract fell more than 3% on Monday, trading range is 78020 - 81460 yuan/ton.
Shanghai jinchuan nickel spot market clinch a deal the interval is 77600 - 78700 yuan/ton, weeks for an average of 78217 yuan/ton, for an average of 79390 yuan/ton last week. Jinchuan ex-factory price from 78900 yuan/ton to 78200 yuan/ton. Russian nickel clinch a deal the interval is 77200 - 78300 yuan/ton, weeks for an average of 77817 yuan/ton, for an average of 78990 yuan/ton last week.
U. S. non-farm payrolls data lower than expected, but still in the high, the fed's policy-setting meeting in September near, doves or hawk meeting results, market expectations more chaos. Plus, fed officials recently said the release of chaotic signal, risk aversion have the upper hand, riskier assets such as stock, commodity prices under pressure.
2, nickel prices trend forecast next week
from recent official statement, the fed has not agreed in September to raise interest rates. From the point of view of economic growth and inflation data, the federal reserve act immediately power is not strong, is more likely to raise interest rates at the end of the year. Although interest rates is unlikely, but the fed could still be on the meeting through the forward-looking statements disclosed information hawks. China, the economic operation in August data than expected, showing signs of recovery, the possibility of a short-term policy overweight significantly reduced.
level of supply and demand and supply side reduced supplies in the Philippines and Indonesia increased supply balance. Short to medium term, the main Philippine nickel mining area is about to enter the rainy season, the market or to give more attention.
the recent media reports norilsk nickel plant caused the river to become red, norilsk said cause rivers change color material is not dangerous for humans and wildlife. The high grade high grade nickel were transported to remote cora region and Finland Harjavalta refinery processing, pollution events will not cause significant impact to the supply.
the market level, after nearly two days of continuous decline, nickel signs of the broken bits of technology, but also face technical support near $9750 / ton, restricting its fall. Comprehensive, nickel or before 9750 - The $10350 / ton to shock.