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[Ni] CBI Morning Review - 2009/4/3 Nickel Market
SHANGHAI, Apr. 3 (CBI China) -- Yesterday, the outcome of G20 summit was better than market expected. The stock and commodity market rose significantly due to the positive news. The U.S. dollar and gold and other hedge assets fell sharply due to declines in the market demand for hedge, which creating strong support to the metals prices. Nickel trade volume increased significantly in electronic trading, and the nickel price rose above 60-day average line. Nickel price will move strongly in view of current optimistic sentiment.
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