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Changjiang nonferrous metals: weak demand, nickel price under pressure
Source:Fengming    Time:2021.02.05    View:

  The U.S. dollar's further recovery has put pressure on the metal. Overnight, lunni opened high and went low and closed down by more than 1%; in the first half of the year, Russian nickel exports fell sharply year-on-year. Under the epidemic situation, most nickel enterprises in the world recorded losses, and nickel prices were under pressure.

  Nickel Futures: the U.S. dollar's further recovery put pressure on the metal, and the latest closing price was 14220 US dollars, down 150 US dollars, or 1.04%, compared with the previous trading day, 7175 transactions increased by 223 hands, and the position of 206194 hands decreased by 861 hands compared with the previous trading day. Shanghai nickel futures rose and fell in the evening. Shanghai nickel's main month 2010 contract rose slightly and then fell back. The latest closing price was 113650, down 110, or 0.1%.

  London Metal Exchange (LME) 10 Lun nickel inventory of 235896 metric tons, 384 tons less than the previous trading day.

  Changjiang nickel online news: the opening price of nickel goods in Shanghai futures was different today. The opening price of 2010 contract of main month was 113700, down 60; at 9:10, Shanghai nickel main contract was 113140, down 620. Today, Shanghai nickel futures fluctuated and consolidated, and the table was under pressure. In the first half of the year, Russian nickel exports fell sharply year on year, and most nickel enterprises in the world recorded losses under the epidemic situation; domestic market demand remained weak, and nickel prices were under upward pressure, and the spot nickel may fall slightly today.