Nickel review: the Philippines supply or narrowed to higher prices
the futures market: the dollar index continued weakness in the evening, the LME nickel price to get a boost, overnight closed up 2. 05% to $9215 hit seven weeks of high; Today Shanghai high nickel, 1607 contracts in the current month opening price 72040 yuan rise 270 yuan, nickel 09:20 Shanghai 1607 contracts to 72310 yuan, up 540 yuan. Worries about supply narrowed to boost market buying, nickel today, Shanghai is expected to continue strong.
London metal exchange ( LME） 20 Aaron ni latest inventory of 385908 metric tons, less than the previous trading day 330 metric tons.
is expected: the new President took office earlier this month to mining companies warned that damage the environment that makes the market's expectations of the Philippines nickel supply this year will be reduced a positive attitude, after the market is expected in 2016 the Philippines nickel exports at least by 20%. For the Philippines is China's largest supplier of nickel ore, its supply fell by worrying, increasing consumer buying in the near future, prices rose vibration, short-term is expected to rise is expected to continue, is expected to rise further this spot nickel.
【 Nickel information 】 Located in a remote region of western Australia nickel project has been approved by the environmental protection agency. Private companies Hinckley Range Pty Ltd expected marginal areas located close to western Australia Ngaanyatjarraku county Wingellina mineral deposits can production more than 40 years. 30000 tons a year company expects to produce 40000 tons of nickel, cobalt.