Ann: Preliminary September 2019 Quarterly Statistics, page-9

https://www.westmetall.com/en/markdaten.php?action=show_table&field=LME_Ni_cash

LME stock is Just around 102,696 Tons as of Yesterday. Tonight it could smashed the 100KT barrier
which was last held 25th April 2012 at 100,830T.

Lets look at the Concentrates Shipped.
2 Shipments at 15734 Tons containing 1141 Tons Nickel.
If we include the Final Shipment (5200T) assuming the same Nickel content.
1141/15734 x 5200T = 377T nickel.
Total Nickel produced this quarter = 377T + 1141T = 1518T
Last Jun Quarter Total is 1518T. Wow same amount.
So really, why would the sp be smashed when there was no changed in Production.
But The PoN is up, and therefore they will sell at a higher price.Hedging was deferred too as well
so they really sold this at a higher price.
SP has risen to 32c. up by 2c.