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Home / Metal News / [Ni] SMM Morning Review - 2009/7/28 Nickel Market

[Ni] SMM Morning Review - 2009/7/28 Nickel Market

iconJul 28, 2009 00:00
Source:上海有色金属网

SHANGHAI, July 28 (SMM) -- The U.S. Department of Commerce announced on Monday that the US new home sales during June rose by 11% compared to May, the largest growth rate since December 2000, with the annual rate of 384,000, while the market predicted the annual rate would be 350,000. The positive data from US indicated the entire property market has rebounded strongly, which helped support the economic recovery. Overnight LME nickel prices surged but faded, and lost previous gains at closing. The positions continued to increase, and LME nickel prices will continue to fluctuate higher in the short term.

 

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