2359 GMT [Dow Jones] Nickel's 1Q price strength set to reverse...

2359 GMT [Dow Jones] Nickel's 1Q price strength set to reverse in 2Q, with
metal poised for $14,300/ton by mid-year on fundamentals, averaging $14,270 for
year, up from last year's $13,920, says JPMorgan; also predicts average price
down to $12,045 in 2006. Forecasts global demand growth easing to 4.8% in 2005,
4.9% in 2006 due largely to Japan, U.S. Expects inventories to stay below 8
weeks for next few years, supporting moderate price decline.(JAD)