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So the London Metals Exchange has allowed delaying settlement of nickel short contracts today for a penalty fee of $300 per ton.

Now if that will ease off the pressure to madly buy at spot price in order to meet the short contracts, what is likely to happen today during European trading?

Also, did LME allow just one day delay or was it $300 per day of delay, so a 10 day delay would cost $3,000 per ton?

It annoys me that short traders get this help from the exchange... I doubt that long investors will ever get any assistance.