Chinese steel demand shrank around 6 percent in January-October, according to the China Iron and Steel Association.
Global nickel markets ended in small deficit of 39,000 tonnes in January-September 2015 with apparent demand exceeding production. The calculated full year surplus had stood at 241,800 tonnes in the whole of 2014, according to the latest data released by the World Bureau of Metal Statistics (WBMS).
The statistics indicate that that reported stockpiles maintained by LME were 37,700 tonnes higher at the end of September this year from the closing levels of 2014. World Nickel mine production was 1,404 kt in January-September 2015, 118 kt lower when compared with the corresponding period during previous year. The ban on exports by Indonesian administration has led to reduced mine output from the country.
Trading Ideas:
Nickel trading range for the day is 555.3-607.9.
Nickel prices ended with losses as China's slowing growth, and a poor outlook for its struggling steel sector ramped up pressure on the glut-hit metal.
Global nickel markets ended in small deficit of 39,000 tonnes in January-September 2015 with apparent demand exceeding production.
Chinese steel demand shrank around 6 percent in January-October, according to the China Iron and Steel Association.
Marketmagnify provide tips and advices to our clients by sms/calls/chat. We have dedicated team of analysts and we are providing reliable and valuable tips on stock, commodities. We believe in our customer satisfaction by giving them successful results.We provide high accurate Mcx Tips at very reasonable price to help small traders and investors to make decent money. Fill OUR FREE TRIAL We cover all types of services all segment.
Trading Ideas:
Nickel trading range for the day is 555.3-607.9.
Nickel prices ended with losses as China's slowing growth, and a poor outlook for its struggling steel sector ramped up pressure on the glut-hit metal.
Global nickel markets ended in small deficit of 39,000 tonnes in January-September 2015 with apparent demand exceeding production.
Chinese steel demand shrank around 6 percent in January-October, according to the China Iron and Steel Association.
Marketmagnify provide tips and advices to our clients by sms/calls/chat. We have dedicated team of analysts and we are providing reliable and valuable tips on stock, commodities. We believe in our customer satisfaction by giving them successful results.We provide high accurate Mcx Tips at very reasonable price to help small traders and investors to make decent money. Fill OUR FREE TRIAL We cover all types of services all segment.
No comments:
Post a Comment