Nickel review: demand outlook for nickel in the positive direction
the futures market: China manufacturing PMI index back expansion interval drive the market sentiment, basic metal all night wave red, nickel has strong, closed at $9930, up $160 in late, up to 1. 64%; Volume 7716, 261945 holdings of an increase of 2535 hands. Shanghai nickel on main 1701 contract today opening price 78530 yuan down 170 yuan, nickel 09:30 Shanghai contract to 79530 rose $1701 to $830. Optimism, today's Shanghai nickel or strong shock.
London metal exchange ( LME） 1, Aaron ni latest inventory of 369096 metric tons, less than the previous trading day 1020 metric tons.
is expected: yesterday China better-than-expected manufacturing data and push the market hit a two-year high risk buying, boost basic metal, nickel last night Shanghai strong trend, main 1701 contract closed up 1 month. 23%; Optimism, strong today Shanghai nickel movements, the spot nickel is expected today.
【 Nickel information 】
PTAntam website reported that, in order to adapt to the Indonesian domestic development and domestic demand for nickel, nickel smelting companies have begun to domestic sales of nickel, nickel mines in 2015 the company sold 46751 tons of wet, in the first half of 2016 in total sales wet nickel ore 644125 tons, the business has become one of the strategic company improve earnings. According to the report of PTAntam reserves at the end of 2015, the company nickel resource reserve of 9. Wet 88. 3 billion tons, of which the high nickel 5. Low moisture, 80. 2 billion tons of nickel 4. Wet 08. 1 billion tons, can fully support the sustainable development of the company's business.