Slowing Economic Growth Weighs on Nickel Market (Nov 9th-Nov 13th)

  • Monday, November 16, 2015
  • Source:ferro-alloys.com

  • Keywords:Nickel, LME, Shanghai Market
[Fellow][Ferro-Alloys.com] Dragged by concerns on weak consumption and oversupply, the London nickel market continued to shrunk to the 9000 point, 1000 point less than last week. Unlike the stock in LME continued to drop, the stock in Shanghai goes in a reverse way as...

[Ferro-Alloys.com] Dragged by concerns on weak consumption and oversupply, the London nickel market continued to shrunk to the 9000 point, 1000 point less than last week. Unlike the stock in LME continued to drop, the stock in Shanghai goes in a reverse way as well as the shadow inventory.

On Wednesday, China’s slowing growth continued to weigh on base metals and commodity market when the country’s industrial deflation has shrunk for 44 continuous months as well as its power consumption. Meanwhile, American Fed released several signals to hike interest rate in the coming December based on recent positive and optimistic macro data.

The Weekly Nickel Prices and Stockpiles in London

London

The Closing Price

Stockpile

11.9

9530

423522

11.10

9505

418716

11.11

9670

418770

11.12

9390

418728

11.13

9420

418056

Changes

-110

-5466

The Weekly Nickel Prices in Shanghai

Shanghai

Average Price

11.9

74300

11.10

72150

11.11

73000

11.12

72650

11.13

72900

Changes

-1400

 

  • [Editor:Juan]

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