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Home / Metal News / [Ni] SMM Morning Review - 2009/9/8 Nickel Market

[Ni] SMM Morning Review - 2009/9/8 Nickel Market

iconSep 8, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 8 (SMM) -- The US financial market was closed on Monday for Labor Day, and transactions were weak in LME base metal markets. LME nickel prices moved around USD 17,800/mt narrowly, with no significant changes in open interest. LME nickel inventories increased again by 504mt to 117,144mt. The continuous increases in nickel inventories limited the upward movement for nickel prices, so LME nickel prices are expected to move downward in the short term.

 

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