Worry about nickel? Wasn't the nickel announced few days back and barely make any change in price? I thought market is smart, they sometimes have moved before announcement, so market players who react later must be ...
Anyway, I think we know nickel is small, we have giant iron ore 25%+ price with 2% less volume. Perhaps they dont want to make profit takers so excited with uncertainty in China is not yet settled. Of course I m more worry to the fall of iron ore price. I think this what really worries market and not the nickel.
I think financial factor (usd and yield) and China stimulus are the only game in this town. I already hedged them all to usd since early Jan. Other than that, personally I don't care at all including if they want to put the nickel into garbage bin and keep lowering expectations.
Just my own opinion though , absolutely can be wrong as usual.
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