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Stockists to replenish stocks on high nickel price
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Stimulated by the increasing nickel price on the LME, stockists have begun to replenish their stocks.
On December 21, nickel on the LME enjoyed a pick-up of US$850/ton in just one day, reaching US$17,950/ton.
Because of the high raw material price, Taiwan’s Yieh United Steel Crop. (Yusco) and Tang Eng will probably lift their price for next January next week.
Some market participants have acted early before the mills lift their price to save the cost.
News Date
12/23/2009 8:22:03 AM
reported by
Kasim Xu
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