Nickel review: failed to respond to demand from China nickel prices rally looks anaemic
the futures market, oil prices rebounded sharply late support commodity market sentiment, Aaron nickel closed up $45, the latest closing price for $8685, or 0. 52%; Today Shanghai high nickel, 1606 contracts in the current month opening price 68240 yuan rise 730 yuan, nickel 09:20 Shanghai 1605 contracts to 67800 yuan, up 290 yuan. Weak Chinese data for nickel prices rally limited, Shanghai nickel or maintain the shock consolidation today.
London metal exchange ( LME） 16, Aaron ni latest inventory of 406464 metric tons, less than the previous trading day 5880 metric tons.
: is expected to make investor sentiment, poor recent data on China commodity prices under pressure; Domestic nickel supply increases, and did not see the downstream demand growth, nickel is still above the pressure, short-term Shanghai spot nickel stability of small and medium-sized rise is expected today.
【 Nickel information 】 On May 16, Moscow news, Russian norilsk nickel industry ( Norilsk Nickel） Nickel are expected throughout the year will remain weak in 2016, because a lot of nickel production enterprises began to losses by the end of last year. Norilsk nickel industry strategic planning director Sergey Dubovitsky said on Monday: & other; Decisions exists inertia, we expect the nickel prices won't rebound anytime soon. Losses may be throughout 2016. ”