DJ MARKET TALK: LME Nickel Falls On Long Liquidation,Inventories 0826 GMT [Dow Jones] Trading activity at the LME has so far been moderate with sideways trading the main feature thus far, says a trader. Notes long liquidation continues across the base metal complex but particularly in the nickel market. Nickel should find good physical demand at lower price levels with $39,500 a metric ton and $40,000/ton good support levels, trader says. Adds changes to the LME's nickel lending rules last week triggered the market to retrace to where prices should be. LME data Tuesday showed nickel stocks increased 252 tons to 8856 tons. LME nickel trades at $40,800 a metric ton, down 4% from Monday. (LYT)
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