Nickel review: Indonesia or increase the export price of nickel ore under pressure
the futures market: during the National Day, thin trading, nickel and weakness, and weekly down 2. 81%. The latest closing price at $10220, volume 3777 hand cut 155 hands, holdings of 265368 an increase of 2318 hands. Today Shanghai low nickel, first month 1701 opening price 80720 yuan down 590 yuan, nickel 09:30 Shanghai 1701 contract fell 450 yuan to 80860 yuan. Because of concern about the Philippines supply reduce abate, short-term nickel prices momentum down, nickel material within Shanghai weak turbulence.
London metal exchange ( LME） 7, Aaron ni latest inventory of 360282 metric tons, inventory level from the previous trading day, National Day of the week to reduce 1512 metric tons.
is expected: Indonesian mining ministry officials said recently that may modify the implementation of nickel ore export ban in 2014. Next year, if you are planning to carry out the Indonesia nickel ore exports will be greatly increased. Expectations of increased supply on short-term nickel, nickel spot today is expected to fall.
【 Nickel information 】 Indonesia mining ministry officials said Friday, if the raw ore and export restrictions introduced in 2014 to revise, then nickel ore exports will reach 15 million tons in 2017. Energy and mineral resources department secretary Teguh Pamudji said, & other; Nickel has built smelters and bauxite mining the permit holder shall be allowed to export minerals and ore concentrate. ” He said, unprocessed rare earths exports also in consideration.