Nickel review: investors take profits nickel prices return to the weak
the futures market: on Thursday, two fed officials said that if the data showed the economy improves, the fed should be raising interest rates, the dollar dropped higher prompting some buyers to take profits, overnight pressure on commodity prices fall, Aaron nickel fell $210 to $8615, in almost a month since the low; Today Shanghai nickel on the current opening price 67180 yuan down $1605 to $1360, nickel 09:20 Shanghai 1605 contracts to 67000 yuan, down 1540 yuan. Long-short differences the market at present, today Shanghai nickel or weak consolidation.
London metal exchange ( LME） 12, Aaron ni latest inventory of 414018 metric tons, less than the previous trading day 6 metric tons.
is expected: short-term market news is generally poor, uncertain global economic outlook for the market risk aversion, investors wait more, downstream of the metal purchasing power is limited, today's spot nickel or cut.
【 Nickel information 】 According to the Indonesian business newspaper reported that vale Indonesia ( Vale Indonesia） Company's early commitment to Pomalaa and Bahadopi two nickel smelter project have not yet been implemented, the company said, project is still in the environment and for the forestry department license application, it is not clear when it started. Data shows, vale Indonesia company has 5000 tons of annual production capacity of 70000 ice in Sorowako nickel smelters. Companies still have the confidence to reach 80000 tons of ice nickel production index this year.