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.
If you read the first link in the previous post you will see...
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Last
49.0¢ |
Change
-0.030(5.77%) |
Mkt cap ! $97.78M | |||
| Open | High | Low | Value | Volume |
| 52.0¢ | 52.0¢ | 48.5¢ | $36.19K | 71.86K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 21000 | 49.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 50.5¢ | 5409 | 1 |
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| Last trade - 15.56pm 24/06/2024 (20 minute delay) ? |
| ARL (ASX) Chart |