i am pretty sure the buyer probably doesnt want to take physical either.....as there has been no real buyer at these higher levels either. Its all speculators, not a real market. A well known Australian nickel producer tried to sell 3k of Nickel at these higher prices, but was unable, there is no buyer for physical at these silly levels. It cuts both ways.
LME Nickel Price, page-45
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Last
82.8¢ |
Change
0.003(0.30%) |
Mkt cap ! $3.557B | |||
| Open | High | Low | Value | Volume |
| 84.0¢ | 84.5¢ | 82.5¢ | $3.776M | 4.527M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 37 | 259591 | 82.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 83.0¢ | 192088 | 44 |
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| NIC (ASX) Chart |