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Home / Metal News / [Ni] SMM Morning Review - 2009/8/14 Nickel Market

[Ni] SMM Morning Review - 2009/8/14 Nickel Market

iconAug 14, 2009 00:00
Source:上海有色金属网

SHANGHAI, Aug. 14 (SMM) -- The EU announced that the GDP in 2Q in euro zone fell by only 0.1%, with Germany's GDP in 2Q up 0.3% on a quarterly basis and France’s GDP in 2Q up 0.3% on a quarterly basis, while GDP in euro zone in 1Q fell by 2.5%. The positive economic data released by the Europe further dampened US dollar. Propelled by positive economic data in euro zone and weakened US dollar, LME nickel prices closed at USD 20,875/mt, up 3.87%. Technically, nickel prices are expected to climb to USD 21,550/mt.

 

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

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