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Nickel for fear of supply shortages even rose a third day, falling copper|copper tube price

 

SHMET10 8th Reuters:
* China's markets are closed through Wednesday
* After the LME nickel stocks rallied all the way back down
Told Reuters in London October 7-NI-Lian Sheng third trading day Tuesday, as investors awaited expected supply shortage finally will begin to affect the market in the coming months, while copper futures fell because of investor fears that economic growth in China.
Nickel hit a 27-month high of $ 21,625 since May 29% has been down since, although the main exporter of ore export ban enacted in Indonesia, but the market is not in short supply.
Some analysts said supply accidents from the Philippines to fill the market vacancy, but that may not last.
"The nickel market was currently oversupplied, but once we get beyond November, supplies will be a seasonal weakness in the Philippines, coupled with the lack of ore in Indonesia, the market may appear worlds apart," said Research Director Nic Brown of Natixis commodity.
Index of the London Metal Exchange (LME), three-month nickel climbed to 1.5%, at $ 16,950, up 0.9% on Monday.
LME nickel stocks reduced on Tuesday, record high in recent weeks, which also helped support the price of nickel.
Copper LME three-month low of 0.6%, at 6,670 dollars, amid uncertainty over the Outlook for economic growth in China, investors worried about demand.
Earlier this week, copper touched a five-month low of $ 6,600.
Entering the fourth quarter, the market focus will be on the strength of Chinese demand on Wednesday to end of one-week national day holiday in China.
LME three-month zinc climbed to 0.4%, 2,320 dollars per tonne, after earlier hitting a near one-month high of 2,344. $ 50. Three-month aluminum ended without a deal, the last bid price at $ 1,955 a tonne, up 1.3%. Three-month lead slipped 0.5%, 2,093 dollars per ton. Three-month Tin-0.8%, to close at per ton of $ 20,325

SHMET10 8th Reuters:

 

 

* China's markets are closed through Wednesday

 

 

* After the LME nickel stocks rallied all the way back down

 

 

Told Reuters in London October 7-NI-Lian Sheng third trading day Tuesday, as investors awaited expected supply shortage finally will begin to affect the market in the coming months, while copper futures fell because of investor fears that economic growth in China.

 

 

Nickel hit a 27-month high of $ 21,625 since May 29% has been down since, although the main exporter of ore export ban enacted in Indonesia, but the market is not in short supply.

 

 

Some analysts said supply accidents from the Philippines to fill the market vacancy, but that may not last.

 

 

"The nickel market was currently oversupplied, but once we get beyond November, supplies will be a seasonal weakness in the Philippines, coupled with the lack of ore in Indonesia, the market may appear worlds apart," said Research Director Nic Brown of Natixis commodity.

 

 

Index of the London Metal Exchange (LME), three-month nickel climbed to 1.5%, at $ 16,950, up 0.9% on Monday.

 

 

LME nickel stocks reduced on Tuesday, record high in recent weeks, which also helped support the price of nickel.

 

 

Copper LME three-month low of 0.6%, at 6,670 dollars, amid uncertainty over the Outlook for economic growth in China, investors worried about demand.

 

 

Earlier this week, copper touched a five-month low of $ 6,600.

 

 

Entering the fourth quarter, the market focus will be on the strength of Chinese demand on Wednesday to end of one-week national day holiday in China.

 

 

 

 

LME three-month zinc climbed to 0.4%, 2,320 dollars per tonne, after earlier hitting a near one-month high of 2,344. $ 50. Three-month aluminum ended without a deal, the last bid price at $ 1,955 a tonne, up 1.3%. Three-month lead slipped 0.5%, 2,093 dollars per ton. Three-month Tin-0.8%, to close at per ton of $ 20,325

 

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