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: 鄂托克旗| 宜昌市| 怀宁县| 文登市| 鄂州市| 毕节市| 洛川县| 繁昌县| 夏河县| 赣州市| 海南省| 河池市| 余干县| 邹平县| 平远县| 红河县| 古丈县| 聂荣县| 安塞县| 冀州市| 聂拉木县| 金堂县| 开化县| 林州市| 平遥县| 商河县| 抚松县| 仪征市| 孟津县| 库尔勒市| 团风县| 丰县| 绿春县| 全南县| 上高县| 揭阳市| 和平县| 泸水县| 汝阳县| 鹿泉市| 雅江县|