Nickel review: the dollar index according to the strong nickel confined consolidation
the futures market: due to the recent upbeat economic data renewed market expectations for the fed to raise interest rates this year, the dollar index rose sharply vibration, overnight international metal pressure mostly lower, Aaron lows hit more than five weeks between nickel plate, late recover some losses, eventually falling closed at $8650 $100, down to 1. 14%; Shanghai nickel low open today, the opening price of 70320 yuan, 1606 contract fell 790 yuan per month, nickel 09:20 Shanghai futures at $1606 to $70880, down 230 yuan. Cautious market atmosphere, today Shanghai nickel or weak consolidation.
London metal exchange ( LME） 18 Aaron ni latest inventory of 404178 metric tons, less than the previous trading day 1680 metric tons.
is expected: the world metal statistics according to data released on Wednesday, the first 3 months of this year the global shortage of nickel, small amounts of apparent demand beyond the production of 8400 tons. The data to the nickel prices bring some support, or limitation of nickel prices fall further, today's Shanghai nickel weak consolidation, nickel spot with fell slightly.
【 Nickel information 】 The Philippines, according to announced on May 18, the second largest nickel producer Global Ferronickel Holdings said on Wednesday that the company owned by the Philippines Ipilan nickel mine development plan has received government approval, the fourth quarter of this year is expected to experimental ship ship nickel ore.