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Home / Metal News / [Ni] SMM Morning Review - 2009/9/28 Nickel Market

[Ni] SMM Morning Review - 2009/9/28 Nickel Market

iconSep 28, 2009 00:00
Source:上海有色金属网

SHANGHAI, Sept. 28 (SMM) -- Last Friday, LME nickel prices opened at USD 17,075/mt. LME nickel prices dropped to USD 16,676/mt negatively affected by unexpected weak durable goods orders index in August, but then rebounded and closed at USD 16,868/mt.

    The G20 Summit promised to carry out economic stimulus measures, and the US dollar index dropped again to 76.5 points, which helped support base metal prices. LME nickel prices are expected to move in the USD 16,750-17,300/mt range today due to the possibility of technical recovery despite of weak nickel market fundamentals.

 

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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