Nickel review: thin nickel exports to reduce fears ease prices
the futures market, the dollar rose ahead of the fed's decision, market sentiment, evening nickel shock consolidation, and the close fell $10, the latest closing price at $10235, volume 6611, 269434 an increase of 3431 hand positions; Today Shanghai low nickel, first month 1701 opening price 81050 yuan down 160 yuan, nickel 09:30 Shanghai 1701 contract rose to 81600 yuan 390 yuan. News long-short interweave, today Shanghai nickel or consolidation.
London metal exchange ( LME） 17, Aaron ni latest inventory of 373578 metric tons, less than the previous trading day 414 metric tons.
is expected: since early June the concerns of the nickel ore supply to the Philippines to reduce once pushed high nickel prices to stand the previous year, but now the Philippines mining review has been basically completed, the large nickel mine enterprises announced by the environmental protection check, fe supply to reduce expectations or reduced, expect the rally is nearing an end, nickel downstream to careful, now is now ni and co. , LTD.
【 Nickel information 】 The Philippines, the second largest nickel ore supply enterprise Global Ferronickel Holdings Inc, said the company had passed the government censorship on the implementation of an illegal mining companies to clean up the environment. This is also in line with previous expectations that large nickel mine enterprises is basically can pass environmental inspections. And the company said it may be in the second half of this year to restore the high grade ore exports to China. This means that the company in August last year acquired palawan Ipilan nickel will go ahead of production, is expected in the fourth quarter. Ipilan nickel full wet production output is about 3 million tons, but belong to high nickel ore grade, so the actual nickel supply almost as Global Ferronickel Holdings Inc in Sue high PGMC mine production are basically the same.