Nickel review: the federal reserve to raise interest rates adjustment concerns not alleviate nickel is short
the futures market: the market buying nickel prices rally, Friday night Aaron nickel outshine others, closed up $65 to $10355; Up to 0. 63%; Volume 6089, 260719 an increase of 797 hand positions; Today Shanghai nickel on main 1701 contract slightly opening price 81400 yuan rise 180 yuan, 1701 futures at 09:30 Shanghai nickel dropped $79930 to $1290. Rising dollar bring pressure to the base metals, nickel today Shanghai disadvantaged concussion.
London metal exchange ( LME） 9, Aaron ni latest inventory of 367932 metric tons, 78 metric tons more than the previous session.
is expected, the federal reserve to raise interest rates expected to rise up the dollar index, according to a return to strong, coupled with poor eurozone data generally released over the weekend, market sentiment, Shanghai nickel limited gains, days, or in a consolidation, this spot nickel fell slightly.
【 Nickel information 】
the chief minister of the ministry of economic affairs said last month that the government is seeking to start from next January, let go of some of the company exports half the limitation of ore processing, Ann's President, said the raw ore generally is a byproduct of mining operations, the industry generally decided that the processing efficiency is low, however, this kind of ore once allowed exports, which will enhance the value of it, the company promises if export permission, the high grade nickel will be used for domestic smelters, which cannot be used by the domestic unprocessed nickel will be directly exported. In addition, nickel raw nickel has good taste, can be very good instead of nickel in the Philippines. The Ann tam has 9 nickel reserves. 88. 3 billion tons, of which the high grade nickel ore 5. 8 billion tons of low grade nickel ore. 4. 080000 tons.