Nickel review: Europe and the United States a weak data nickel popular frustration
the futures market: the latest euro zone composite purchasing managers' index (5 month PMI） The initial value of 52. 9, less than 53. 2, a new low in 16 months, while the United States may manufacturing purchasing managers' index ( PMI) Initial value fell to its lowest level since October 2009, European and American PMI data both less than expected, commodity market sentiment, London nickel dropped $125, the latest closing price at $8350, down to 1. 47%; Shanghai nickel low open today, the opening price of 67370 yuan, 1606 contract fell 340 yuan per month, nickel 09:20 Shanghai futures at $1606 to $66010, down 1020 yuan. Short-term market confidence, today Shanghai nickel or consolidation.
London metal exchange ( LME） 23 Aaron ni latest inventory of 402888 metric tons, less than the previous trading day 1668 metric tons.
is expected: night Shanghai nickel weak consolidation, the domestic stainless steel market slowdown in demand, the downstream poor purchasing power, and mostly in the short term bearish news surface or suppress nickel prices rebound, expected to nickel spot small down today.
【 Nickel information 】 China, according to Beijing on May 23rd April and refined nickel alloy imported year-on-year surge in 168. 8% to 49012 tons.