Nickel review: the global economic slowdown demand outlook uncertain nickel prices under pressure
the futures market: because of the economy and corporate earnings data were mixed, investors worry that a weak global growth will impact us companies, U. S. stocks fell on Wednesday, commodity prices are under pressure, Aaron nickel fell $105, the latest closing price of $9405, down to 1. 1%; Shanghai nickel low open today, the opening price of 73140 yuan, 1605 contract fell 340 yuan per month, nickel 09:20 Shanghai futures at $1605 to $72710, down 770 yuan. Market sentiment so empty today, Shanghai nickel or low consolidation.
London metal exchange ( LME） 4, Aaron ni latest inventory of 416442 metric tons, less than the previous trading day 1062 metric tons.
is expected: the recent dollar index rebound, the uncertainty of the global economy demand outlook on metal, the metal limited gains, but with the increase of the domestic stainless steel factory orders in May, the spot price of nickel or lead; Shanghai nickel weak consolidation today, is expected to spot nickel down slightly.
【 Nickel information 】 According to latest news Indonesia qingshan industrial park, the park first into the garden project SMI and the second into the garden project GCNS nickel iron production hit a record high in April, monthly production of nickel iron has amounted to 80000 tons of tons of objects, and has set up a full back to China for the use of castle peak is a domestic enterprise production. This marked the first in qingshan industrial park in Indonesia project SMI and second GCNS comprehensive project reaches producing in the park, and exports of a record. In addition, the third in the park project ITSS annual output of 600000 tons of nickel iron projects are planned, in an orderly way, step up construction middle, is expected to be put into production at the end of 2016. At that time, Indonesia qingshan industrial park, annual output of 1. 6 million tons of nickel iron, 160000 tons of metal nickel) Production capacity will be fully achieved.