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 The international market prices of nickel
9/28/2007 2:56:16 AM

Recently, in the international market, stainless steel and other raw materials as nickel metal prices gradually rising. Currently, the London Metal Exchange nickel metal March futures price of 7,200 US dollars per ton to about this over the past four months since the first breakthrough in 7000 US dollars mark, set in late March than the recent low of about 24% higher. Japan's domestic commercial sales price per ton is about 1.01 million yen than in March rose by 17%. International Nickel metal prices rising, mainly due to a number of international investment funds optimistic about the future increase in demand caused by the massive buying. Moreover, Russia is an important nickel metal origin, each of the current season, snow melting caused by the flooding will hinder shipping. This year, the Russian River spread over the past years, people worried that the ship would be long-term outage. However, stainless steel demand in the doldrums, Japan and Europe and the United States announced that the manufacturers have been cut. In such circumstances, nickel metal prices rise may not continue long.

SHANGHAI SHIBANG MACHINERY CO., LTD.
International Dept.1: Tel: 0086-21-58386126 Fax:0086-21-58386211
International Dept.2: Tel: 0086-21-58386138 Fax:0086-21-58386211
International Dept.3: Tel: 0086-21-58386186 Fax:0086-21-58386211
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