Nickel review: National Day before investors out nickel prices down
the futures market: the United States in the second quarter GDP final value correction uplink support the dollar index rebound, night Aaron low nickel high open, closed down $290 to $10410, down to 2. 71%, volume 9626, an increase of 2504 hands, holdings 261213 hand cut 610 hands. Today Shanghai low nickel, first month 1701 opening price 81800 yuan down 830 yuan, nickel 09:25 Shanghai 1701 contract fell 1370 yuan to 81260 yuan. Investors moved before National Day, today Shanghai nickel weak consolidation.
London metal exchange ( LME） 29 Aaron ni latest inventory of 362448 metric tons, 564 metric tons more than the previous session.
is expected: the environment and natural resources environmental protection after the review results, suspension parts in violation of environmental laws and regulations of metal mines, the current review suspension nickel mine production accounted for 56% of the Philippines in 2015 nickel ore output, but some listed mining enterprises unaffected, maintain normal production, because they passed the environmental review. National Day holiday will come, some investors on the sidelines, nickel or consolidation, today Shanghai spot nickel fell.
【 Nickel information 】 On Wednesday, the nickel industry in Asia, Nickel Asia） Said that although the environment suggest to suspend Hinatuan Mining, Corp. Running, but its other three mining companies through the review, other three mining companies account for 85% of the 2015 Asian nickel industry nickel production. The Philippines, the second largest nickel producer FNI is expected, although 20 nickel ore enterprises are advised to suspend production, but nickel output this year is expected to remain unchanged, but compared with annual production of 2015 is still expected to decline 30%.