Trading resumes this wednesday 16 Mar London Time. It will be Thursday AEST.
As per Michaelhaley post , Nickel could resume at US$40,000/Ton ($18.14/lb).
PAN anticipates next Shipping 1st week April. By then LME Nickel trading
would be back to Normal although it will still be Jittery on the upside which is good.
At 40,000/T PoN, our concentrate at say 10Kt which is base on Spot Price could fetch
US$24,000 0r A$33,000 a 50% increase in value from the last shipment just
basing on PoN alone. I believe there is a big chance the PoN will be around 35,000 to
45000/t by the time we ship the next one. PAN being Hedge free is a big reason to
buy now before the next shipment.No Doubt about it this will rerate IMHO.
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