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
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