Rebound in nickel prices

Recently, such as DJ-AIG Commodity dslr battery grip Index adjustment of weights, driven by flow of capital to promote the sharp rebound in base metals started. However, the U.S. manufacturing sector weakness as well as the unemployment rate to 5% showed the risk of a recession increased last week, the Fed said it would take active measures to boost the economy, Bernanke’s speech to enhance the market this month, the Federal Reserve’s monetary policy meeting by 50 basis points rate cut expectations. Increase in market uncertainty makes base metals price movements rather repeatedly, while the short term a weaker dollar will remain supported by the basic metal prices to a certain extent.

Lead: Lead prices since the beginning of the performance is canon bg-e2n vertical-grip relatively stable, LME lead prices up to 2715 U.S. dollars / ton, the lowest 2502.5 U.S. dollars / ton, last Friday to close at 2615 U.S. dollars / ton. Lead prices fell due to losses caused by a larger, 12-months of about 600,000 tons in Yunnan region to stop production capacity. Spot due to smelters to reduce procurement lead-processing costs (TC) significant increase in Chinese imports of lead concentrates spot TC surged to 350 U.S. dollars / ton. It was also reported that residents and the health minister in Western Australia under the Magellan mine against Ivernia (accounting for 3% of global supply) from the Fremantle port of shipment of lead concentrates. Lead supply remains tight, the International Lead and Zinc Research Organization (ILZSG) 10 months of data showed that a shortage of 28,000 tons, the late lead canon bg-e3 vertical-grip prices rebound power still exist.

Tin: LME tin price of the recent overall trend showed a narrow range of finishing, the highest on January 3 touch 16,862.5 U.S. dollars / ton, followed by oscillating drop last Friday to close at 16,267.5 U.S. dollars / ton. Both China and Indonesia will be restricted the export of tin this year, China’s export quota of 37,000 tons, down from last year to 33.3 thousand tons, from January onwards non-alloy of tin, tin waste and scrap the export tax rate is raised to 10% from 0, coupled with tin concentrates 20% of the export tariffs, thereby also showed the country to further restrict the output of the determination of tin resources canon bg-e5 vertical-grip. Due to limited supply of tin consumption to grow steadily, the late tin price performance will be more firm.

Nickel: As the DJ-AIG Commodity Index increased weight of nickel, buying the active involvement of promoting a sustained rebound in nickel prices in the last red to 30.85 thousand U.S. dollars / ton in the vicinity suffered a strong sell-off last Friday to close at 28,525 U.S. dollars / ton. Consumption of nickel is still no obvious improvement, the International Stainless Steel Forum (ISSF) released preliminary data show that stainless steel production in 2007 had a clear downward trend in the third quarter stainless steel production fell 16.6% to 5.9 million tons. LME nickel stocks are still as high as 47,544 tons, while the cancellation of warrants is only 1860 tons, indicating that stocks may continue to rise later. As the commodity index weight adjustment fujitsu fpcbp205ap and fujitsu fpcbp205 will be the end of Monday, post-nickel prices will return to the fundamentals of supply and demand-led, demand weakness in nickel prices would rise weakness is expected short-term nickel prices will continue to repeated oscillations.