Nickel review: bad incoming high nickel rushed back again
the futures market: the latest U. S. services may increase SuLu low level since 2009, and the manufacturing sector is on a downward trend; Data on the U. S. economy will rebound in the second quarter of hope, the overnight investors locked in profits, high nickel night falling, down $70 in late, the latest closing price of $8350, or 0. 83%; Today Shanghai nickel were mixed, the opening price of 65990 yuan, 1606 contract fell 190 yuan per month, nickel 09:20 Shanghai 1606 contracts to 66030 yuan, down 150 yuan. Bad news boosted safe-haven demand market, today's Shanghai nickel or will fall.
London metal exchange ( LME） 25, Aaron ni latest inventory of 401874 metric tons, less than the previous trading day 630 metric tons.
is expected: late Wednesday may service purchasing managers' index released by the United States ( PMI) Below 4 surveys, or suggest that the United States in the second quarter GDP growth rate is only 0. 7%. News hit sentiment, days after the Shanghai nickel or return to the weak, is expected to spot nickel down slightly.
【 Nickel information 】 Customs data show that in April 2016 stainless steel exports reached 34. 940000 tons, for maximum since August 2014. Before April this year, accumulative total of 119 stainless steel exports. 210000 tons, the year-on-year increase in 8. 4%, reverse the decline in exports last year, including strengthening exported to Vietnam, stainless steel, mainly for the export of Chinese stainless steel enterprises in the implementation of new taxes, we intensified the efforts on exports, Vietnam after the May 4 this year, cold rolled stainless steel anti-dumping tax rate for China from 4. 64% - 6. 87% increase to 17. 47% - 25. 35%, the execution time from this year on May 14 to October 6, 2019. Global perspective, in the European Union, southeast Asia, the United States and other regions have launched a stainless steel in China under the background of anti-dumping, 2016 stainless steel exports difficult to achieve growth, stainless steel exports will decline is expected to begin in May.