Relationship Marketing Strategy and implementation

216 Relationship Marketing

Nickel Stocks and Prices Current and Constant Dollar

Nickel Prices, 1960-1995

Price Movements

Weekly LME Nickel Price – Lows & Highs

Nickel Prices Act With High

Volatility Due To:

• illiquidity / low volume / high unit price
  compared to other base metals


• funds tend to trade infrequently and in
  large volumes – not matched to physically-
  based business


• fund and speculative interest is concentrated
  into shorter time frames than fundamental
  business


• price is pushed by many factors (Cu, world
  money flows, economies, perceptions, ...)

Figure 3.3.2 (continued)