interesting article on ni

Its got a good message if you can handle the translation issues.

China is facing a shortage of cash nickel

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[ÖзÏÍø2007-2-12 9:34:33]Waste network [2007-2-12 9:34:33]

According to Hong Kong on February 8 news, traders said Thursday that Shanghai spot for imports and reduce the supply of nickel refining. while demand remained strong.
Global high spot price of nickel not to suppress the enthusiasm of the Chinese import buyers.

China's nickel consumption accounts for more than 10% of the world.

Last month nickel prices touched a high of 38,950 dollars. ÖÜËı¨Ã¿¶Ö35,700ÃÀÔª£¬½ñÄêÆù½ñΪֹÒѾ­ÕÇÓâ7%¡£Thursday reported 35,700 dollars per ton, up more than 7% so far this year.

¡±Manager of a trading company in Shanghai, said that "the domestic market shortage of nickel, nickel is a loss, and import transactions. "

He expects imports to Shanghai to the spot nickel refining costs more than 370,000 yuan per ton (47, 757 U.S. dollars).

But China's nickel price is lower than world prices, as China's largest nickel producer Jinchuan Group -- the quotations below the imported price.
Jinchuan Group refined nickel output accounts for about 90% of production and consumption of the country, more than one-third of nickel. The company is considered the domestic spot market price of the benchmark price.

Jinchuan Group Thursday does not include freight and insurance, the cash nickel refining quoted at 315. 000-316,200 million.

Shanghai offers cash for the Jinchuan Nickel Russian nickel and 355,000-360,000 yuan per ton. at the end of last year, 12 per 315,000.

Traders said high nickel prices have not suppressed demand.

¡±Another trading company in Shanghai, traders said, "some problems are not sold nickel, But the shortage is getting worse. "

But manufacturers is not in a hurry to build inventory for the Chinese Lunar New Year holidays, as prices trend higher and volatile. Å©Lunar New Year began on February 18.

¡±A Hong Kong trader said, "the market -- worried about the high price paid by 3:00. safety and nickel price volatility. When the New Year holidays because of the closure of factories, where they are stored expensive nickel? "

Inner Mongolia, manager of a trading company, The company's nickel imports in 2007 are not in the contract period before April, China's demand is expected for the first quarter of global nickel prices and the turmoil will continue.

Shanghai delivery to the Russian nickel cash premium over the LME three-month nickel at around 600 U.S. dollars per ton. 2007 300-350 dollars in contracts for the importation of premium.

800-1000 high-grade nickel in premium dollars.

In Hong Kong, high-grade nickel spot price premium of about 11 dollars per ton. 2007 800-900 dollars for premium delivery of the contract. 2006 premium for a period of the contract 700-800 dollars.

SO WHY BUY AND STOCK IT AT THESE PRICES WHEN YOU ARE ABOUT TO HAVE HOLIDAYS! LOOK FOR THE REBOUND AND UPWARDS DRIVE IN PON DURING EARLY MARCH.