Nickel review: the market for September season nickel prices fell space is limited
the futures market: China's fuel oil exports and the active Wells increases, late oil from two month highs hit last week, commodity market sentiment, London nickel as weak performance, closed down $85, to $10270, or 0. 82%; Volume 5020, 261832 holdings of an increase of 598 hands. Shanghai low nickel on main 1701 contract today opening price 80520 yuan down 860 yuan, nickel 09:15 Shanghai 1701 contract fell 310 yuan to 81070 yuan. Today Shanghai nickel or consolidate market.
London metal exchange ( LME） 22 Aaron ni latest inventory of 373692 metric tons, 180 metric tons more than the previous session.
is expected: as September approaches, the traditional peak season is coming, the stainless steel enterprises starts or have recovered, downstream production recovery will drive the nickel consumption, in the short term is expected to fall co. , LTD. , Shanghai nickel material spot nickel or not today.
【 Nickel information 】 Inco research organisation ( INSG) On Friday, according to the global market expanded nickel supply shortage in June to 11800 tons, the shortage of makes this year amounted to 36800 tons. INSG, according to data on global nickel may supply shortage was revised down to 9800 tons, 42500 tons of excess supply in the first half of last year. Data also shows that the global primary nickel production in June fell to 164100 tons, in May of 167100 tons; Consumption has fallen from 177000 tons to 175900 tons.