For Lovers of Nickel, page-51

Woll

You asked many time about headwinds. This is how the Chinese conspiracy is driving down Nickel prices, while all the same stainless steel and battery manufactures are sneakily stock up on cheap nickel for their dark inventory. Keep your eye on Century VII Verse 40

( SINGAPORE, Nov 23 (Reuters) – London and Shanghai nickel fell further on Friday, with the market on track for its fifth day of declines on concerns about a supply surplus in 2019 and slowing demand in top consumer China. London's three-month nickel lost 1.5 percent to $10,805 a tonne by 0435 GMT, its lowest in nearly a year, while Shanghai's most active nickel contract tumbled 3.2 percent to 88,160 yuan ($12,706.65) a tonne. "I heard some Chinese investors are shooting (down) nickel price. They think nickel production in Indonesia will bring market into surplus next year, and demand for stainless will be bad," said analyst Peter Peng at CRU Group. "They expect nickel price down to around $8,000/t." )
RED