Most of the three major indexes of U.S. stocks fell yesterday, with futures mixed, with the Dow down 0.51%, the S&P down 0.28%, and the Nasdaq up 0.06%; U.S. crude fell 0.59%; Serren copper rose 0.88%; London nickel rose $460 to $20,600/ton, holding 115423 lots, trading 2,636 lots, and inventory of 37,014 tons; The main contract of Shanghai nickel rose 1180 yuan to 168380 yuan / ton, holding 63986 lots, trading 72285 lots, and inventory of 1894 tons.
Metals of LME mostly rose, domestic and foreign nickel mines were flat, and ferronickel prices rose. Tsingshan, Indonesia, started commercial production of refined nickel and plans to apply for the nickel produced by the plant to be listed on the London Metal Exchange as a deliverable brand, and the new capacity of domestic pure nickel and Indonesian high-nickel products is more, resulting in the risk of structural oversupply, and the pressure on nickel supply growth remains. The continued low level of nickel inventories, coupled with the Indonesian government's anti-corruption investigation of the Ministry of Energy and Minerals, makes nickel ore supply is expected to decrease, nickel iron prices are strongly pulled, which has some support for nickel prices, and is expected to be dominated by price shocks in the short term.
Yorumlar