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CLOSE TO CLOSE: Nickel prices drop more than $250 on profit-taking
February 13, 2014 - 21:05 GMT
Nickel prices fell by more than $250 during kerb trading on the London Metal Exchange on Thursday February 13, on profit-taking following strong price moves yesterday.
Three-month nickel closed at $14,125 per tonne, down from
$14,395 per tonne at yesterday’s close. "Nickel
had a good $200 move yesterday, which is enough of a move for
people to think, 'Let’s not be
greedy,’ and so they will just take some money on
that," an analyst said. "In the current market environment,
where no one expects any solid upside moves or downside...
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Euromoney Institutional Investor PLC.
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