Nickel: Pure Nickel Supply Incremental Peak Pressure Shanghai Nickel Narrow Range Oscillation

Today's Shanghai nickel main 2010 contract latest reported 162900 yuan / tonne, up 150 yuan / tonne; up 0.09%, during the day Shanghai nickel to maintain a narrow range of oscillation; analysis from the macro side, the Federal Reserve and many overseas central bank interest rate resolution announced in the imminent, the market cautious atmosphere is relatively thick, the Asian stock markets shocked down this Monday, investors are wary of risky emotions warming, in addition, the international oil prices continue to rise trend, intensifying market concerns about inflationary pressures; the domestic central bank again cut the quota to promote consumer policy to add codes, but pure nickel supply to maintain the incremental peak. In addition, the international oil prices continue to rise trend, exacerbating market concerns about inflationary pressures; domestic central bank once again cut the quota, promote consumption policy continues to increase, National Day holiday is coming, downstream just need to replenish demand is expected to improve, but pure nickel supply to maintain the incremental peak, it is expected that in the second half of the year around the refined nickel enterprises or will continue to increase the production trend, while the weak demand for nickel under pressure, LME nickel inventory continues to accumulate, the market generally to buy low, new energy areas on nickel demand Boom enhancement, nickel sulfate prices stabilised, today's spot market trading atmosphere is cautious, merchants shipments in general, Shanghai nickel narrow range oscillation is mainly, is expected to short-term nickel prices continue to oscillate market.
[Source - Changjiang non-ferrous network].