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Nickel  Market Review 5.14
   Hits:   UpdateTime:2010-5-14 10:07:50
Keyword:nickel market
Elan Website Press:

Although GDP data of Euro zone in the first quater is comparatively optimistic, market participants have doubts about long-term prospect and general economic growth of European countries in debt crisis.
  Government tightened monetary policy to avoid over-heated economy and place restrictions on lending business in real estate, but the housing price is still in appreciation. Housing price in more than 70 large and middle cities in April increased 12.85% than the same time last year, so market participants are afraind that the lagest metal consumer country will futher tighten monetary polich, such as interest rate hike.
  The settlement price of London nickle foward market is 22805US dollars/ton, 10 dollars higher than the previous day. The growth of uncertainties will make investors become more pessimistic, and both domestic and abroad nickle market will keep in adjustment for a long time.

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