The nickel review: waiting yellen tonight Shanghai nickel weak consolidation
the futures market: April orders for durable goods increased significantly in the United States, but other manufacturing product demand is still weak, April pending home sales at the highest level in 10 years, the data good and bad are intermingled, commodity market sentiment, overnight nickel high and volatile, and eventually closed at $8350, unchanged from the previous session. Today Shanghai nickel were mixed, the current month opening price 66380 yuan rise 350 yuan 1606 contracts, nickel 09:20 Shanghai futures at $1606 to $65580, down 450 yuan. Worries about the federal reserve to raise interest rates is not retreated, commodities under pressure, nickel material today Shanghai weak consolidation.
London metal exchange ( LME） 26 Aaron ni latest inventory of 400896 metric tons, less than the previous trading day 978 metric tons.
is expected: currently, the federal reserve to raise interest rates for the focal point of the market the most, in April the FOMC meeting minutes after the last week, the market's expectations of the fed to raise interest rates sharply higher. Yellen tonight before the city more cautious wait-and-see attitude, nickel movements or weak turbulence, today Shanghai spot nickel is expected to slightly down.
【 Nickel information 】 Foreign media messages on May 25, the Finnish economy minister, Olli Rehn, said on Wednesday that the country is preparing to shut down the northern Talvivaara nickel mine, because of its losses in the long run. He said, if there is no private investors willing to take over the project continues to run, the government will close the nickel ore in late this year to make a final decision. To shut down the nickel, he says, the cost is about 300 million euros, if continue to operate the mine, every month need to operating costs 24 million euros.