[agency Review] supply exceeds demand for nickel prices continue to be under pressure-Shanghai Metals Market

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[agency Review] supply exceeds demand for nickel prices continue to be under pressure

Translation 09:01:10AM May 08, 2019 Source:Citic Construction Investment Futures

SMM News: macroscopically, the European Union warned of downward risks to the economy, trade tensions continued, non-ferrous metals generally weakened. The Chinese side is about to hold the 11th round of economic and trade consultations with the US side. Fundamentals, the current spot market transactions are light, the pessimism of the future makes the downstream wait-and-see mood is stronger, stainless steel mills are difficult to sustain, prices began to decline slightly. Generally speaking, the short-term industrial chain is in a state of oversupply, nickel prices will continue to be under pressure. Shanghai nickel 1906 contract reference range 94000 to 98000.

In operation, Shanghai Ni 1906 has an empty order to continue to hold.

Key Words:  Nickel  nickel sulfate  price  mining 

[agency Review] supply exceeds demand for nickel prices continue to be under pressure

Translation 09:01:10AM May 08, 2019 Source:Citic Construction Investment Futures

SMM News: macroscopically, the European Union warned of downward risks to the economy, trade tensions continued, non-ferrous metals generally weakened. The Chinese side is about to hold the 11th round of economic and trade consultations with the US side. Fundamentals, the current spot market transactions are light, the pessimism of the future makes the downstream wait-and-see mood is stronger, stainless steel mills are difficult to sustain, prices began to decline slightly. Generally speaking, the short-term industrial chain is in a state of oversupply, nickel prices will continue to be under pressure. Shanghai nickel 1906 contract reference range 94000 to 98000.

In operation, Shanghai Ni 1906 has an empty order to continue to hold.

Key Words:  Nickel  nickel sulfate  price  mining