Average Prices Of LME Nickel In July 2008 Fell To Lower Levels After Interval Of 2 Years

摘要

The average prices of LME nickel in July of 2008 were known with the followings : <> 20,160.22 US dollars per ton ( 9.145 US dollars per lb. ) for cash and <> 20,347.39 US dollars per ton (9.229 US dollars per lb. ) for three-month futures. These average prices of LME nickel in July of 2008 came to the lowest ones since May of 2006 and renewed the lowest record in this year. In view of a considerable fall of LME nickel price arisen in April - June of this year, a power to purchase again LME nickel at reasonable prices revived in July. In addition to oversupply of nickel, the structure to decrease production of stainless steel is enlarging in the world and, consequently, the parties concerned have felt a repugnance to the rebounded prices of LME nickel.