Nickel review: global nickel production decline in prices or recipient
the futures market, the stock market rally support global growth expectations, overnight international metal is generally higher, night Aaron leave high to go low nickel, nickel Aaron were up $95 to $9210, up to 1. 04%; Today Shanghai nickel on the current opening price 69670 yuan down $1605 to $270, nickel 09:20 Shanghai 1605 contracts to 70770 yuan, up 830 yuan. Intraday market sentiment positive, today Shanghai nickel or remain high.
London metal exchange ( LME） 19 Aaron ni latest inventory of 434080 metric tons, 390 metric tons more than the previous session.
is expected: in the first two months of this year, the global balance of supply and demand of nickel, and a small increase demand, because in a 10-year low prices forcing producers to cut production. Data show that 1 - this year China's nickel production in February from a year earlier to reduce 23. 6% to 76300 tonnes, global refining nickel production fell 5. Year-on-year growth of 0, 6%, and consumption. 8%. Nickel production and demand prospect confidence help prop up prices, is expected to rise in spot nickel today.
【 Nickel information 】 According to Melbourne on April 19, the international nickel research organisation ( INSG) In February, according to data released Tuesday small excess supply 3600 tons of refined nickel markets around the world, for the shortage of last month. Global nickel production in February of 149600 tons, slightly higher than the demand of 146000 tons.