I keep an eye on the NPI iron price in China. If I believe the site I look at, it is ca. US$22k/t nickel content, well above the current LME Ni price. I expect there are costs that need to be subtracted such as shipping etc., but assuming that cost is 10-15%, that still delivers a very nice margin. The recent NIC announcement talked about great margins, so my approach is to sit tight. I'm fully loaded on NIC, otherwise I would buy more. At this price, maybe I will.
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Last
81.0¢ |
Change
-0.020(2.41%) |
Mkt cap ! $3.471B |
Open | High | Low | Value | Volume |
82.0¢ | 82.5¢ | 80.5¢ | $3.322M | 4.086M |
Buyers (Bids)
No. | Vol. | Price($) |
---|---|---|
26 | 96549 | 81.0¢ |
Sellers (Offers)
Price($) | Vol. | No. |
---|---|---|
81.5¢ | 199841 | 46 |
View Market Depth
No. | Vol. | Price($) |
---|---|---|
28 | 103565 | 0.810 |
30 | 416117 | 0.805 |
40 | 434544 | 0.800 |
12 | 193569 | 0.795 |
16 | 512978 | 0.790 |
Price($) | Vol. | No. |
---|---|---|
0.815 | 221342 | 46 |
0.820 | 269824 | 22 |
0.825 | 270435 | 19 |
0.830 | 121862 | 9 |
0.835 | 687810 | 10 |
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