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Home / Metal News / [Ni] CBI Morning Review - 2009/6/5 Nickel Market

[Ni] CBI Morning Review - 2009/6/5 Nickel Market

iconJun 5, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 5 (CBI China) -- Yesterday, positively affected by the declines in the US unemployment and softened US dollar, metal prices soared with large volumes of capital entering the market. Recently, the positions increased significantly, and the macro economy has improved, pushing the market into bull market temporarily. Besides, the market changes were in line with the features of bull market. Nickel price will no doubt rise to USD 15,000/mt in medium term, and it will meet stronger resistance above USD 17,000/mt.

 

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

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