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Shanghai nickel inventory down again yesterday now just over 81k...

  1. Rickk
    317 Posts.
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    17/03/17
    08:40
    Post #: 23419893
    Shanghai nickel inventory down again yesterday now just over 81k tons. Further drawdown is expected. The nickel market has started feeling tighter supply. The smelters in China are running out of supply on low grade ore in next 2 or 3 months. That makes steel makers very panic. The pure nickel will be sold like hotcakes.
    WSA Price at posting: $2.39 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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