Nickel review: the Philippines closed two nickel ore prices is expected to be back to lift
the futures market: EIA crude stocks fell less than market expectations, night fell to a two-month low oil prices, commodity prices are a drag on, Aaron nickel low open low, since the peak of more than eight months, closed at $435, $9675 slump in late fall of 4. 3%; Shanghai nickel on main 1609 contract today opening price 77480 yuan down 1270 yuan, nickel 09:20 Shanghai futures at $1609 to $77120, down 1630 yuan. Non-agricultural data before the dollar index fluctuated violently, today Shanghai nickel or limited upside.
London metal exchange ( LME） 7, Aaron ni latest inventory of 378264 metric tons, 636 metric tons more than the previous session.
is expected: due to violations of environmental laws and regulations, the government announced yesterday two nickel mine suspend operation, as China's largest supplier of nickel ore, the Philippines, a move that would limit the nickel ore exports, domestic prices are driven, performed better than outside dish, Shanghai nickel or consolidation today, is expected to spot nickel or not.
【 Nickel information 】 Manila, July 7, the government announced two nickel mine suspend operation, due to the violation of environmental laws and regulations, and stop the issue mining licenses. The Philippines mining and geological survey bureau chief Leo Jasareno said on Thursday that it will suspend operation of two nickel respectively belonging to company and three trace nickel mines BenguetCorp inverness province Zambales Diversified Metals company. Jasareno, said many complaints environmental degradation is the main reason for the move. Effective production law will until to comply with the environmental standards of the authorities.