Nickel review: Shanghai nickel stocks at record high prices under pressure
the futures market: China's economic data, and concern about China's economic outlook uncertain market sell-off, also fell overnight international metal, nickel in 4. 32% to $8640 was the lowest in almost all round; Shanghai nickel low open today, the opening price of 67220 yuan, 1605 contract fell 1060 yuan per month, nickel 09:20 Shanghai futures at $1605 to $67450, down 830 yuan. Market risk aversion to heat up, Shanghai nickel or maintain weak trend today.
London metal exchange ( LME） 9, Aaron ni latest inventory of 415284 metric tons, 150 metric tons more than the previous session.
is expected: last week the nickel stocks of the previous period to 87365 tons of paint record high since the varieties listed points, market fears to upgrade, nickel prices pressure obviously, Shanghai nickel continued low consolidation today, nickel spot is expected to fall.
【 Nickel information 】 Societe generale ( Societe Generale) On Thursday, May 5) Report, is expected to LME nickel price at $9167 per m/t 2016, 2017 annual average price at $11000 per ton.