Nickel review: the rise in crude oil push prices higher for the time being
futures market in anticipation of Canada, Nigeria and other parts of the crude oil supply disruption, easing global oversupply of expectations, rising oil prices, the overnight rebound nickel closed up $60; Today Shanghai high nickel, 1605 contracts in the current month opening price 67830 yuan rise 100 yuan, nickel 09:20 Shanghai 1605 contracts to 68080 yuan, up 350 yuan. Today Shanghai nickel strong finishing.
London metal exchange ( LME） 10 Aaron ni latest inventory of 414714 metric tons, 24 tons more than the previous session.
is expected: recent global economy is good or bad arguments, the dollar index according to the strong, short-term nickel or there is pressure, nickel is a technical rebound, today's Shanghai is nickel is expected to be slightly higher, but gains or transient.
【 Nickel information 】 The world's largest producer of nickel, palladium norilsk nickel industry announced the first quarter of 2016 production statistics. In the first quarter of 2016 a total of 6 nickel production. 40000 tons, fell 6%. The company's own nickel ore supply reached five. 20000 tons, fell 5%. Supply drop mainly because of increased Polardivision downstream reconfiguration transit semi-finished products; Reduce KolaMMC do processing of low profit. In the first quarter of 2016 norilsk nickel industry in Finland, NorilskNickelHarjavalta produce about 1. 20000 tons of nickel, 4% increase over last year. Production is the cause of the third party and Russian companies increased supply of nickel concentrate. In the first quarter of 2016. NorilskNickelNkomati nickel 50% nickel concentrate output rose 14% to 3000 tons, is the main reason of the growth of nickel ore grade.