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Home / Metal News / [Ni] SMM Morning Review - 2009/9/10 Nickel Market

[Ni] SMM Morning Review - 2009/9/10 Nickel Market

iconSep 10, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 10 (SMM) -- On Wednesday, the FED Beige Book report showed the US economic conditions improved, helping drive up US stocks. Last night, the US dollar index continued to drop, as the borrowing costs have reached a low point, stimulating the investors to sell US dollar and switch to high-yield assets. LME nickel prices closed down slightly due to investors’ profit-takings. LME nickel prices will continue to move around USD 18,000/mt in the short term with support from weakened US dollar.

 

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

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