From Fastmarkets website on Wednesday. Helps explain the sudden increase in inventory
Nickel stocks climbed 14,958 tonnes to 438,474 tonnes, which is thought to be the material that was cancelled in Johor in October when nickel briquettes where moved by some large trading houses to Taiwan – several warehouse companies offered incentives and rent deals for the metal. - See more at: http://www.fastmarkets.com/base-met...ves-draw-interest-106003#sthash.nYdxRff7.dpuf
MCR Price at posting:
20.5¢ Sentiment: Buy Disclosure: Held