Nickel, nickel production increasing to supply loose nickel prices downward pressure
the futures market: in the United States released ahead of the April non-farm payrolls report, market sentiment, plus the dollar down, London nickel confined fell further, 3 5 months late Aaron nickel slump. 16% to $8920 / ton, its biggest one-day drop in nearly two months. Shanghai nickel low open today, the opening price of 71930 yuan, 1605 contract fell 290 yuan per month, nickel 09:20 Shanghai futures at $1605 to $69540, down 2680 yuan. Today goods field short thick atmosphere, Shanghai nickel or low drive away.
London metal exchange ( LME） 5, Aaron ni latest inventory of 415134 metric tons, less than the previous trading day 1308 metric tons.
is expected: commodities giant glencore's latest production of nickel in the first quarter rose 15. 97%, the news or will ease the current situation of global nickel in short supply, short-term nickel or depress prices, is expected to spot nickel down today.
【 Nickel information 】 Glencore's latest production, according to a report in the first quarter of 2016 of the company's own resources nickel production of 2. 760000 tons, a mild increase from 0. 36%, year-on-year increase in 15. 97%. , according to a report in 2016 glencore's annual target of 11. 2 - 12. 9 of 00000 tons, compared with 2015. 16, 620000 tons of growth. 42% - 24. 74%, and the previous forecasts.