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Home / Metal News / [Ni] SMM Morning Review - 2009/7/30 Nickel Market

[Ni] SMM Morning Review - 2009/7/30 Nickel Market

iconJul 30, 2009 00:00
Source:上海有色金属网

SHANGHAI, July 30 (SMM) -- Yesterday, the US durable goods orders fell unexpectedly, and the US dollar increased sharply, contributing to significant adjustments in base metal prices. This round of adjustments is more like a kind of corrections for previous gains, indicating the market concerns with regard to demand during seasonal low demand period. The US dollar will soften in the medium term, so nickel prices will maintain the upward trend as well.

 

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