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[Ni] CBI Morning Review - 2009/6/2 Nickel Market
SHANGHAI, June 2 (CBI China) -- Yesterday, prices of commodities and stocks increased significantly, and the manufacturing index released by the US was better than analyst forecasts, meanwhile the personal income and construction spending have improved as well, generating the hope the global commodities demand will recover. Additionally, data show that China’s manufacturing index in May expanded, exerting positive impact as well. Nickel price is expected to stabilize at USD 15,000/mt and will likely rise further in the short term.
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