Nickel ore stocks up 44,000t at China ports this week. Hence the rise in LME stocks "again" and the $6/lb spot price. Doesn't look like a major stockpile correction coming soon, looks as possibly all these so called experts talking about deficits in stocks maybe way off. Unless China starts to pump more infrastructure projects etc. which may happen soon the Phillo ore supplies maybe enough to tide them up till or if some Indo projects get running... It just feels as if China has a structured plan to hold stockpiles high depressing spot price whilst accumulating what they require...
Georgie get the lube out bro... We maybe in for some serious reeming if this trend continues...
Nickel ore stocks up 44,000t at China ports this week. Hence the...
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