Nickel review: the dollar rebound conveniently callback metal pressure nickel prices
the futures market: the United States on August 6, when the jobless claims is slightly higher than expected, suggests that the labor market remains robust in early August, confidence in U. S. economic growth picked up to support the dollar index rebounded, London nickel shakeouts, closed down 0. Latest closing price 92%, reported 10730 dollars; Volume 3872, position 266266 an increase of 1940 hands. Today Shanghai low nickel, first month 1701 opening price 83300 yuan down 850 yuan, nickel 09:20 Shanghai 1701 contract fell 650 yuan to 83500 yuan, good is not enough, today Shanghai nickel or weak shock.
London metal exchange ( LME） 11, Aaron ni latest inventory of 369492 metric tons, less than the previous trading day 900 metric tons.
is expected: Philippine officials said on Thursday that the reorganization of the national mining activities, and there were two mines was shut down for violation of environmental regulations. So far, a total of 10 mines were shut down in the Philippines, including eight for nickel ore. Market early profit taking, night Shanghai nickel as weak performance, restrain the uncertainty of China's economic outlook the metal prices, today Shanghai nickel or continue weak trend, nickel material spot small down.
【 Nickel information 】 In the Philippines, officials said on Thursday at home are thorough mining environmental review, because environmental protection is not in conformity with the specification, the government to suspend two mines, a mine for EmirMineral Resources, production of nickel ore, the other a mine as Mt. Sinai, the production of chrome ore. The Emir Mineral Resources last year produced 150000 tons of nickel, nickel mines mainly exports to China. Since July 8 government censorship in all mine, has a total of 10 mines currently suspended operations, including 8 nickel mine production.