ZOID RESEARCH 21- MAY-2014 : NICKEL

Global nickel stocks at LME declined by 612 tons and the total stocks as on Tuesday stood at 279138 tons The cash to forward premium for nickel at LME shrunk from $46 to $22 indicating the spot demand has just declined however, we believe the premium falling below $20 could bring in fresh demand for the metal Nickel declined for a second day on speculation that this year’s rally in prices may slow demand amid rising inventories. However, we believe the overall scenario for the metal remains positive due to supply cut so we suggest buying from lower levels.

Try once at www.zoidresearch.com or contact us @ 9039073611