Nickel review: negative disengaged from nickel prices pressure down
the futures market: U. S. industrial production data is 0 drop in the previous month. 6%, higher than analysts had forecast decline in 0. 1%, the United States in March industrial production fell more than expected further indicates that manufacturing weakness, weigh on prices, every Zhou Lun nickel fell $60, the latest closing price of $8940, or 0. 67%; Today Shanghai low nickel, 1605 contract opening price of 68880 yuan, the current month 09:20 Shanghai nickel 1609 contracts to 69440 yuan, down 60 yuan. Nickel market cautious, face mixed economy, Shanghai is expected to shock consolidation today.
London metal exchange ( LME） 15, Aaron ni latest inventory of 424212 metric tons, less than the previous trading day 2970 metric tons.
is expected: U. S. data quality ginseng, coupled with the main oil-producing countries meeting over the weekend of uncertainty on oil prices and the recent negative increase, basic metal nickel days Shanghai consolidation, this spot nickel fell slightly.
【 Nickel information 】 The European stainless steel factory otto quinn's recently released 2015 annual report. Report predicts global stainless steel consumption grew by an average of about 3% in two years. 2016 - In 2017 will reach 38 million tons and 39. 2 million tons respectively, the average annual growth rate at 3%. Is expected to 2016, 2017 global stainless steel consumption will reach 38 million tons and 39. 2 million tons respectively, the average annual growth rate at 3%. Consumption of 37. 7 million tons, growth in 2015. 4. Example 0%, among which the APAC ( Pan Pacific Asia and Japan) Regional consumption will grow by about 3%, EMEA ( Europe, the Middle East, Africa) Area and will grow by 1% in the United States.