Thursday, July 5, 2012

Nickel Updates

Nickel trading range for the day is 925.03-949.Nickel prices were sluggish due to the closure of US markets and the lack of significant economic data. Eurozone May retail sales rose by 0.6%, better than the forecast, but annual rate dropped sharply. Base metal prices were weighed down due to mixed European economic data. Warehouse stock for Nickel at LME was at 103674mt that is down by -186mt.

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