30.10.2008, 19:10 2650

Decrease of prices in the world market of nickel stopped

Decrease of prices in the world market of nickel has stopped. The price of nickel at the London stock exchange of metals at last tenders, October 28, has increased.

Almaty. October 30. Kazakhstan Today - Decrease of prices in the world market of nickel has stopped. The price of nickel at the London stock exchange of metals at last tenders, October 28, has increased.

After a decrease of prices last week prices for nonferrous metals started have increased.

According to Shanghai Nonferrous Metals Market, prices of nickel on Chinese spot market have also increased.

Merrill Lynch has lowered the forecast of prices for nickel by 16 %, assuming that manufacturers of exchange metals will reduce capacities as the prices will continue to decrease.

Broker Company MF Global in the last review Metals Report has lowered level of price resistance on nickel for the last month and the level of price support.

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