I don't know if anyone can help me understand the current situation in the LME but
Why is the Nickel price constantly going down from the day of the $75,000 bid and why is the price of Nickel only updated daily?
The price is approaching US$20,000 and yet the inventories are appr 68,000T on the LME.
I am not aware of any serious buying on the SME .
If the above assumptions are correct then there is a massive short in the market and the LME is refusing to do on the downside what they were so quick to do on the upside--stop these trades
Trading day running commentary, page-3450
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Last
35.0¢ |
Change
0.005(1.45%) |
Mkt cap ! $173.6M | |||
| Open | High | Low | Value | Volume |
| 34.5¢ | 36.0¢ | 34.5¢ | $68.82K | 197.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 61188 | 35.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 36.5¢ | 27397 | 1 |
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| Last trade - 16.10pm 27/08/2024 (20 minute delay) ? |
| CTM (ASX) Chart |