掀开奶罩边躁狠狠躁苏玥视频,无码专区3d动漫精品,去阳台跪着把屁股抬起来,精品国产丝袜黑色高跟鞋


Stockpiling, Probes and Coordinated Cuts in China

  • Friday, December 4, 2015
  • Source:ferro-alloys.com

  • Keywords:China,Nickel,Cuts,Probes,short sellers
[Fellow]Nickel gained 2% climbing back above $9,000 a tonne on the LME, recovering from a 12-year low of $8,145 a tonne earlier this week while strong gains were also seen in tin, zinc and aluminum in London and Shanghai.

Nickel gained 2% climbing back above $9,000 a tonne on the LME, recovering from a 12-year low of $8,145 a tonne earlier this week while strong gains were also seen in tin, zinc and aluminum in London and Shanghai.

In Shanghai nickel soared as much as 7% on reports the country's nickel producers – nearly three-quarters of which are unprofitable at current prices – are set to meet to agree on long overdue production cuts according to Reuters.

The China Nonferrous Metals Industry Association has asked for a probe into short selling of metals on the Shanghai Futures Exchange, blamed for double-digit price decline in percentage terms in November according to Bloomberg.

Base metals producers and refiners have also pleaded with Beijing to intervene in markets and stockpile metals. A similar program in 2008–2009 at the height of the financial crisis did shore up prices, but  some analysts are skeptical about its prospects today

David Humphreys, an author and former chief economist at miner Rio Tinto, told the FT that expectations are that "quite a lot of this capacity is likely to exit the market and play quite an important part in the whole balancing process because it is high-cost”:

 “The constraint is the employment issue, but I don’t see China fighting too hard to sustain an industry which is high-cost, uncompetitive and deeply polluting,” he said.

Others see non-intervention by Chinese government as a positive for the market with the Financial Review quoting traders as saying "government purchases would only postpone the output cuts needed to reduce supplies and would be bearish. A refusal could actually be bullish as it could force cutbacks."

  • [Editor:Juan]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 广丰县| 新疆| 巧家县| 武胜县| 太保市| 凌海市| 黄陵县| 三台县| 鲁甸县| 黄石市| 仁布县| 高邮市| 葫芦岛市| 农安县| 芦溪县| 且末县| 休宁县| 锡林浩特市| 扶绥县| 达拉特旗| 田阳县| 玉门市| 临泽县| 镇安县| 万盛区| 平原县| 团风县| 会泽县| 永新县| 镇平县| 巴彦淖尔市| 白城市| 浠水县| 盐津县| 北票市| 永新县| 闽清县| 金湖县| 麻城市| 大冶市| 金堂县|