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Nickel Market Situation5.24
   Hits：   UpdateTime：2010-5-24 10:38:26
Keyword：nickel
Elan Website Press：
   U.S. data released last Friday suggested that U.S. economic recovery will slow down. At the same time senators also passed a rigorous program of financial reform, which made the final content more determined. Although on Friday there was a certain rise in U.S. stocks, the confidence of investors are expected to be suppressed by the impact of these messages. Data released last Friday by Germany, Euro zone's biggest economy, was not very optimistic. The output and growth of orders in German are suppressed.
    Nickel futures prices in London went up 150 U.S. dollars, closing at 21,200 U.S. dollars / ton on Friday, and domestic spot price was 167,500yuan RMB / ton. As London futures market impact of nickel prices last Friday, domestic spot prices will move up, but not significantly. Recently, market price volatility will continue.

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