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Home / Metal News / [Ni] CBI Morning Review - 2009/6/24 Nickel Market

[Ni] CBI Morning Review - 2009/6/24 Nickel Market

iconJun 24, 2009 00:00
Source:上海有色金属网

SHANGHAI, June 24 (CBI China) -- Last night, metal prices rebounded slightly propelled by weakened US dollar, but failed to gain previous losses. Technically, metal prices will continue to move downward in the short term. In addition, although domestic nickel imports hit a record high during May, the lower domestic/LME price ratio exerted greater pressure on import volumes. Meanwhile, LME inventories experienced increases, so nickel price will likely fall further, with the next test level of USD 13,500/mt in the short term.

 

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

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