Nickel review: oil prices movements of the metal nickel in 3. 3%
the futures market: the British back the result to global market turmoil, investors fear again, oil prices fell sharply on Tuesday, basic metal weakness, evening high nickel rushed down, dropped by $330, the latest closing price at $9670, or 3. 3%; Today Shanghai high nickel, 1609 contract main month opening price 80660 yuan rise 580 yuan, nickel 09:20 Shanghai 1609 contracts to 77010 yuan, down 3070 yuan. Night Shanghai nickel highs since 11 months, days, or disadvantaged consolidation.
London metal exchange ( LME） 5, Aaron ni latest inventory of 376848 metric tons, less than the previous trading day 1266 metric tons.
is expected: the Philippines, the world's largest nickel production countries might shut down environmental threat falls below mine. The nickel industry in Asia TMC, PGMC, Adnama producing nickel mining casts a shadow over the future of the mining area. The Philippines recently banned mining policy of stirring nickel nerve, the world nickel supply and demand into balance, investors will be rational analysis nickel demand outlook; Days Shanghai nickel weak consolidation, is expected to spot nickel down today.
【 Nickel information 】 Environment minister Gina Lopez told ABS - CBN news channel, the Philippine mines must standardize mining or face it is prohibited to produce. Mining operations need 3 - inspection work 4 weeks to complete. Lopez said on July 1, all should be passed the ISO 14001 certification system in mines, less than a third of the mine is responsible to meet international standards of mining, terminate all new mining application, must take the lead to complete the review.