DJ MARKET TALK: Rising LME Nickel Stocks May Embolden Shorts -ABN 0439 GMT [Dow Jones] Funds likely to become more friendly to shorting LME nickel if stocks continue to rise, which could make for sharp pullback, says ABN Amro; notes stocks at levels last reached July 2006, when price nearly half current level - but add inventories still "uncomfortably low," supply disruptions make short-selling risky. LME nickel stocks up another 504 tons overnight at 8,460 tons; ABN Amro attributes uptrend in stocks to reduced demand from stainless steel producers, China's lower nickel pig iron output. LME 3-month nickel last at $46,400/ton, +$250 vs London PM kerb. (MWL)
Contact us in Singapore. 65 64154 140; [EMAIL PROTECTED] (END) Dow Jones Newswires June 06, 2007 00:39 ET (04:39 GMT) Copyright (c) 2007 Dow Jones & Company, Inc.
