Metals-Nickel down after data as dollar strengthens

- May 19th, 2011

Reuters Africa reports nickel stocks fell 48 tonnes and lead inventories were unchanged.

Reuters Africa reports nickel stocks fell 48 tonnes and lead inventories were unchanged.

The market news is quoted as saying,

The International Nickel Study Group (INSG) reported a 6,000tonne deficit in the refined nickel market for March, and the balance for the first quarter showed an 11,000 tonne deficit,helping to explain a drawdown in LME stocks, Credit Suisse said in a note.

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