Nickel review: output contraction expected to boost prices remain strong
the futures market, released on Friday night non-farm jobs far in excess of the expected increase in eight months, prove that the continued economic growth, market fears ease, every other week mostly higher commodity prices, Aaron ni rose 2. 02% to $9870. Shanghai nickel on main 1609 contract today opening price 77510 yuan rise 640 yuan, nickel 09:20 Shanghai 1609 contracts to 77400 yuan, up 530 yuan. Nickel market risk appetite regression, today Shanghai is expected to be stronger.
London metal exchange ( LME） 8, Aaron ni latest inventory of 377328 metric tons, less than the previous trading day 936 metric tons.
is expected: short-term out for the Philippines nickel minerals will reduce the hype, constantly refined nickel and nickel iron production a contraction, the market supply and demand situation gradually balance, is expected to maintain a strong, short-term Shanghai nickel spot nickel rise is expected today.
【 Nickel information 】 Jinchuan group deputy general manager of BaoXingWang said on a conference in Shanghai, affected by the refining business losses, the group plans to refined nickel production 10000 tons to 14 this year. 40000 tons. In April, up to 12 month during production as raw material supply problem, the actual production or only 140000 tons. Due to the market to the demand this year, the London metal exchange ( LME) The refining of nickel prices will rebound in the second half.