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


Nickel Prices Are Still Persistently Weak As Norilsk Keeps Production Up

  • Wednesday, March 16, 2016
  • Source:ferro-alloys.com

  • Keywords:Nickel
[Fellow][Ferro-Alloys.com]Few metals have confounded investors and market analysts more than nickel. Indonesia's ban and a perceived high cost base to China's nickel pig-iron market have, for some years, led many to believe a rise in prices was only just around the co...
[Ferro-Alloys.com]Few metals have confounded investors and market analysts more than nickel. Indonesia's ban and a perceived high cost base to China's nickel pig-iron market have, for some years, led many to believe a rise in prices was only just around the corner.
 
But Nickel prices have remained hugely depressed and stocks of refined metal have continued to rise. Nickel prices slumped to a 13-year low last month and still remain below levels last seen in 2008-09, according to the Wall Street Journal. In spite of prices being so low that virtually no producers are believed to be making money, capacity isn't being closed fast enough to have any impact. At the heart of the problem is slowing demand in China as the below graph from the WSJ shows
 
According to the WSJ, stainless steel production in China is projected to show no growth until 2020, and indeed, has been more or less flat, fluctuating either side of a line, for a number of years.
 
Indonesian Ban
 
Part of the rationale for higher prices was a lack of ore when Indonesia significantly reduced exports of unrefined metal, but China had been stockpiling ore for some time and when the crunch came simply switched to the Philippines for ore supply. Since then, refined imports have been substantial but Citi Corp. is quoted as saying "We believe a significant proportion of the 258,125 metric tons of refined nickel imported into China over the first 11 months of last year was used for collateral financing rather than real demand." The Shanghai Futures Exchange's rising stock levels support this, underlining the lack of end users, which can be easily read as stainless steel production demand.
 
Source: WSJ
 
China's NPI producers have responded to both low nickel prices and soft demand from the domestic stainless steel market as imports of nickel ore contracted by 26.3% in 2015 and are down by around 9.6% year over year in 2016 so far.
 
Article from Internet for Reference only 
 
  • [Editor:Sophie]

Tell Us What You Think

please login!   login   register
Please be logged in to comment!
主站蜘蛛池模板: 梧州市| 宜春市| 靖江市| 英超| 武城县| 湄潭县| 曲阳县| 南投县| 廉江市| 会泽县| 苗栗市| 大化| 秦皇岛市| 田阳县| 梓潼县| 永川市| 玉门市| 沙田区| 大名县| 视频| 六盘水市| 达州市| 城口县| 抚州市| 交口县| 门头沟区| 博湖县| 堆龙德庆县| 大邑县| 永顺县| 松阳县| 怀仁县| 宁河县| 东安县| 巢湖市| 襄垣县| 自治县| 沈丘县| 仪征市| 英吉沙县| 永城市|