MCR
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0.52% 96.5¢ mincor resources nl

Nickel stocks rose 19,068 tonnes to 452,742 tonnes, a...

  1. ccdavid
    1,338 Posts.
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    20/01/16
    16:45
    Post #: 16834487
    Nickel stocks rose 19,068 tonnes to 452,742 tonnes, a three-month high. The move was centred on Taiwan, with holdings in Kaohsiung up 19,026 tonnes to 70,376 tonnes.
    The outright price was last at $8,680, up $90 but off the session high of $8,750. In spreads, a pocket of tightness has appeared, with 3-mth/April at $0.70 backwardation.


    Taiwanese thing is still going. Gloomy Days for Nickel still, Hopefully it won't be long
    for China finally tenders 150,000 tons Pure Nickel. Coupled with Mines Shutting down
    ie Votorantim, Queensland Nickel , others follow soon. Its a matter of Survival. PAN now at
    only 11c.
    MCR Price at posting: 18.0¢ Sentiment: None Disclosure: Not Held
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    lightbulb Created with Sketch.  Great analysis
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