Nickel review: nickel supply reduce expectations on Aaron back above ten thousand yuan
the futures market: night Aaron nickel continues strong trend, closing up 1. 52% to $10020. Today Shanghai high nickel, 1609 contract main month opening price 79450 yuan rise 1250 yuan, nickel 09:20 Shanghai 1609 contracts to 79810 yuan, up 1610 yuan. Helped by the Philippines continue to clean up governance field, nickel is pushing up prices further, short-term is expected to continue strong.
London metal exchange ( LME） 11, Aaron ni latest inventory of 377736 metric tons, 408 metric tons more than the previous session.
is expected: the Philippines began to comprehensive review of the domestic nickel ore, previously did not obtain the ISO certification of mine will be suspended and suspend exports from the ore mining activities. The move will make the world's largest supplier of nickel exports have fallen sharply, global nickel or higher; Fe supply the nickel ore will be reduced or domestic supply shortages caused concern, short-term nickel prices, driven by today or extended gains.
【 Nickel information 】 Last year, the environment and natural resources ( DENR) ） 2015 - issue executive orders 7 for the Philippines all domestic metal mines are mining in the obtained ISO 14001 environmental management system certification. If not getting will mean mining enterprises to suspend operation, and can't make ore transportation and ore export license. But the Philippines environment minister Regina Paz L. Lopez said, in accordance with the provisions of the international organization for standardization ( ISO) Certification of mine doesn't ensure that in the upcoming national mining operations review will not be ordered to suspend production. “ The review will be comprehensive, not just stay on the technology. The reason I mentioned ISO, because regulations mentioned in this standard, & throughout; Ms Lopez said. Review orders have been signed, according to ms Lopez said, review has already begun. Earlier, she said, review results will be published on August 1.