Metals News
[Ni] SMM Morning Review - 2009/8/12 Nickel Market
smm insight
Dec 7,2009

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.


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