Nickel review: Indonesia to relax export plans shrivel to maintain stable prices
the futures market: on Thursday, the federal reserve released on September meeting minutes before investors cautious mood. Beauty, plate, the dollar index rose to a two-month high, night Aaron nickel confined low consolidation, late fell $100, the latest closing price at $10440, or 0. 95%; Volume 6324 of an increase of 2737 hands, holdings of 263440 an increase of 122 hands. Shanghai nickel on main 1701 contract today opening price 82490 yuan rise 120 yuan, nickel 09:20 Shanghai 1701 contract fell 50 yuan to 82320 yuan. News mixed, today Shanghai nickel or consolidation.
London metal exchange ( LME） 11, Aaron ni latest inventory of 360792 metric tons, the previous trading day inventory reduces 36 metric tons.
is expected: the Indonesian government or will allow a year export 15 million tons of low grade nickel ore, met with Indonesia vale and its processing and smelting industry association, vale said easing exports will make global nickel prices under pressure, will shake the resolve of foreign investors in smelting Indonesia construction project, the short-term plan, or so on hold. Today Shanghai nickel consolidation is given priority to, wait for the new guidelines, this spot is expected ni and co. , LTD.
【 Nickel information 】 Indonesian officials say a joint venture company in China, Indonesia to allow the original ore recovery export plans to expand the local small smelters smelting cost and threat existing small producers, he said the move was unwise, is against the President's promise. Ministries will start this week to discuss revision export laws and regulations, to discuss whether to allow the nickel content in 1. Nickel ore exports of 8% or below. Quantity will be limited, or in the form of the quota is limited exports.