Today's official LME nickel closing prices - cash - $23.82/lb - 3 month buyer - $22.99/lb (52.25% higher than 1/1/07). As a stainless steel consumer, we really find it hard to find anything amusing about the nickel market these days. And we apologize to our Chinese readers, but we can't help but chuckle a bit, wondering what Mandarin cursing sounds like. There will probably be few slang words being slung when China returns to work next week. This is their second long holiday of the year, and the second time they will return to find nickel at new record high's. It was all up today, with nickel breaking a record early, then re-breaking it again in late afternoon trading. For the day and week, 3 month nickel ended at $23.36/lb ($51,500/tonne). (Dow Jones - more) And there is a lot of talk it could go higher next week.
From: http://www.estainlesssteel.com/stainless-steel-news.shtml
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