Nickel review: poor nickel stainless steel demand upside or blocked
the futures market, short-term market face mixed news, the market for the payroll data on Friday, investors hoping to search for clues to the federal reserve to raise interest rates further, overnight nickel movements carefully, and closing small drop $15, the latest closing price of $8450; Shanghai nickel low open today, the opening price of 65170 yuan, 1606 contract fell 810 yuan per month, nickel 09:20 Shanghai 1606 contracts to 66600 yuan, up 620 yuan. Short-term market strong wait-and-see mood, Shanghai nickel or continue to consolidate.
London metal exchange ( LME） 1, Aaron ni latest inventory of 401508 metric tons, less than the previous trading day 258 metric tons.
is expected: June arrival, enter the traditional off-season domestic demand for industrial metals, stainless steel enterprise starts to drop, stainless steel demand decrease, prices upward blocked, short-term consolidation will continue, is expected to spot nickel or limited today.
【 Nickel information 】 According to news HuaZe cobalt nickel announcement, the company subordinate youthful & ndash; — Ping an xin sea resources development co. , LTD. In 2015, half of the annual report disclosure nickel iron technical renovation project has feeding trial shot on May 31. After an annual output of 35000 tons of low-grade nickel iron, its products can be widely used in stainless steel, high temperature alloy and other key materials and high-tech fields.