[Ni] SMM Morning Review - 2009/8/12 Nickel Market-Shanghai Metals Market

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[Ni] SMM Morning Review - 2009/8/12 Nickel Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Aug. 12 (SMM) -- Last night, stocks and metal prices lost previous gains before the US Fed releases the interest rates in view of no clear market directions and previous significant increases in market prices. European nickel inventories have increased for two consecutive days, and positions grew further, indicating struggles between long and short positions remained intense at current prices in the market. Nickel prices are expected to move around USD 20,000/mt in the short term given shortages of both upward and downward momentum.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040

[Ni] SMM Morning Review - 2009/8/12 Nickel Market

SMM Insight 01:16:23PM Dec 07, 2009 Source:SMM

SHANGHAI, Aug. 12 (SMM) -- Last night, stocks and metal prices lost previous gains before the US Fed releases the interest rates in view of no clear market directions and previous significant increases in market prices. European nickel inventories have increased for two consecutive days, and positions grew further, indicating struggles between long and short positions remained intense at current prices in the market. Nickel prices are expected to move around USD 20,000/mt in the short term given shortages of both upward and downward momentum.

 

Copyright © 2009, CBI (Shanghai) Co., Ltd. All Rights Reserved.

None of this material may be used for any commercial or public use in any form or means, without the prior written consent of CBI China. For reproduction issue, please contact us by email: metalresearch@cbichina.com or tel:86-21-51550040