If you read the first link in the previous post you will see there is a lot of nickel being taken and stored in warehousing. Perhaps the market is still pricing in the accumulated metal stocks and the chance of a downturn before deciding the way forward. If the huge buying stops will there be a rise? Yet to see the extra 75000t of orders disappear yet. 25,000t in contracts will supposedly be left after the month. The real action will be 3-6 mths away yet.
Pertinent market/industry news/articles, page-2370
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