MetalMiner reported that primary three-month nickel prices sank to $15,250 per metric ton (MT) on the London Metal Exchange (LME), while primary cash nickel prices fell to $15,195 per MT, also on the LME.
MetalMiner reported that Chinese primary nickel declined 4 percent after increasing by 1 percent the previous week. It has also seen declines on the LME and in India.
By Leia Michele Toovey-Exclusive to Nickel Investing News Nickel prices will most likely be flat, at best, in 2009, according to Robin Bhar, metals analyst for Calyon Credit Agricole CIB, London. However, nickel premiums are difficult to gauge in a market characterized by a lack of demand, rising stocks and sinking prices. LME nickel prices [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel prices entered the New Year with upward momentum, as the annual commodity index rebalancing was positive for the base metals. Now, it is one month into the year and the gains have halted. London Metal Exchange three-month nickel closed Friday at US$11,150 a metric tonne, [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News As last week came to a close, Nickel futures took their biggest weekly fall in almost four years. On India’s Multi Commodity Exchange, MCX, the benchmark September expiry contract nickel for delivery in three months plummeted by Rs 73 to Rs 742 a kg, compared to [...]
By Leia Michele Toovey-Exclusive to Nickel Investing News In most of 2008, nickel prices have taken a battering, as a weakening US currency, steeply rising prices of oil and gold, and shrinking stainless steel demand have extended losses. LME nickel prices started their rapid descent in July 2008. From beginning to mid August, prices rested in the [...]
By Leia Michele Toovey- Exclusive to Nickel Investing News Nickel futures continued to exhibit a weak trend backed by high inventories and poor demands from stainless steel makers. On India’s MCX, August 2008 contracts were down by 26 per cent to trade at Rs 806 per kg on Monday. The ongoing downside movement is expected [...]
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