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Home / Metal News / [Ni] SMM Morning Review - 2009/9/15 Nickel Market

[Ni] SMM Morning Review - 2009/9/15 Nickel Market

iconSep 15, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 15 (SMM) -- Yesterday, LME three-month contract nickel prices opened at USD 16,850/mt, and later slipped rapidly to USD 16,426/mt. LME nickel prices have ever hit the lowest level of USD 16,288/mt when fluctuating around USD 16,500/mt, and closed at USD 16,650/mt.

    Yesterday, USD 16,500/mt became the support level for three-month contract nickel prices, and LME nickel prices will move smoothly without the release of any major economic data today. LME nickel prices will inch down to the range of USD 16,100-16,850/mt today due to weak actual demand.

 

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

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Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market exchanges, and relying on SMM's internal database model, for reference only and do not constitute decision-making recommendations.

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