Nickel review: every season with pressure over poor demand for nickel
the futures market: last night, European and American stock market closed higher, commodity market sentiment more boost, nickel dip rebounded, and closed up $60, the latest closing price to $10790, rose 0. 56%; Volume 4620, holdings 266881 hand cut 779 hands; Shanghai nickel on main 1701 contract today opening price 83450 yuan down 620 yuan, nickel 09:20 Shanghai 1701 contract rose to 84350 yuan 280 yuan, has recently released by the China data quality, each city to popularity is relatively cautious, nickel materials in Shanghai shock consolidation.
London metal exchange ( LME） 9, Aaron ni latest inventory of 371154 metric tons, 1926 metric tons more than the previous session.
is: although the Philippines limit production scale expands unceasingly, but domestic nickel stocks are still growing, has now risen to nearly 110000 tons of record; Corrective outcome is uncertain now the Philippines nickel, nickel exist under the strong support, but the domestic market for industry off-season, weak demand for nickel prices rise further limited, short-term Shanghai nickel or wide range, this spot nickel or not.
【 Nickel information 】 As the Philippines hardliners, the new President to violation of irresponsible mining, a quarter of the country's nickel mine has been shut down, and the authorities will further action, which made global nickel market panic. Philippine President Du Teer also warned last week of the mining industry, or to comply with more stringent environmental regulations, or out of business, said the Philippines have no ability to live for the mining industry. The Philippines national 40 mining companies, the government did not say so far to check how many, but the regulation of the inspection, according to the environment and natural resources vice-minister LeoJasareno check is expected to be completed this month.