WSA
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0.00% $3.86 western areas limited

Nickel prices rallied $115 per tonne amid strong fundamental...

  1. gavascarred
    1,444 Posts.
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    13/10/17
    07:44
    Post #: 27871977
    Nickel prices rallied $115 per tonne amid strong fundamental support and a pick-up in demand from steel markets as a result of rising steel prices.

    “Purchases [of nickel] from steel markets will increase after the cautious, watchful attitude seen in the market before [China’s] Golden Week holiday since steel prices have risen as a result of supply constraints in China,” an analyst at Guotian Jun’an said.

    https://www.fastmarkets.com/base-me...edge-higher-wide-zinc-backwardation-persists/
    WSA Price at posting: $2.98 Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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