[ Ferro-nickel iron ] in May, 2007 nickel market quotation review

May period LME nickel strong performance again. "May 1" Labor Day, LME nickel period of record-high, breaking 50,000 U.S. dollars, reached a record high of 51,250 U.S. dollars. Although the site is profitable liquidation pressure, but low water stocks soaring for enabling nickel around 50,000 U.S. dollars frontline several ups and downs But on the whole are still running on uplink channel.
Concern is May 20, the long-term downward trend mainly to the low stock levels start rising. Within a week and has quickly ascending to the top of 7,000 tons, more than 50,000 U.S. dollars drops weight, nickel prices in a substantial adjustment, Future trends of uncertainty in its 46000 -50000 dollars broadbanding concussion.
Shanghai nickel market prices in May was down trend since the beginning of the 452,000 yuan to 415,000 yuan by the end. On a fall of 9%, the market mentality depressed by high prices and risk inhibit consumer downturn, but vendors generally higher costs of goods, difficult to support in an attempt to ease the downward speed. Weak market transactions. When the wholesaler inventory increased downlink highlight trends, with air cargo to see a psychological strong and wishes to export cutter, cut losses, Price once dropped to 412,000 yuan sentiment and attract those relating to the participation of Shanghai porous nickel differences gradually, the market can expect tough, two supply and demand situation is not strong.