Nickel review: the weak us data the global economy is falling prices
the futures market: the evening at the beginning of the may CPI and please figures released by the American both worse than expected, bad news on commodity prices, the London nickel fell $100 to $8870, down to 1. 11%; Shanghai nickel low open today, the opening price of 69540 yuan, 1607 contract fell 800 yuan per month, nickel 09:20 Shanghai futures at $1607 to $69470, down 870 yuan. Britain withdrew the referendum next week, before the market risk aversion, today Shanghai nickel or weak consolidation.
London metal exchange ( LME） 16, Aaron ni latest inventory of 388620 metric tons, less than the previous trading day 516 metric tons.
is expected: Columbia nickel strike the news of the plan the bearish market, the current domestic nickel are plentiful, but failed to respond to the downstream demand, nickel prices upside is limited, short-term or callback, nickel spot today is expected to fall.
【 Nickel information 】 PolyMet mining company, announced its first quarter financial report. According to the results content, the swiss-based commodity trade and mining giant company glencore ( Glencore AG） 14 million dollars funding to Polymet mining company. This is in addition to give $11 million of loans in January a sum of money. PolyMet mining company plans to develop first located in Minnesota, 该组织) Hoyt lake ( 霍伊特湖泊) Near the copper and nickel ore resources. The project total cost about $600 million, is expected to employ 300 workers.