Noticed a note on the side of page 24 of this report for all those watching the LME inventories for guidance. "Commodity LME deliverables nickel is the least desirable by stainless steel mills as they focus on cheaper options fist. This means LME inventories will lag behind nickel market improvements." Muddies the already murky water.
Also re-enforces the statement made by our MD about nickel inventory.
MCR Price at posting:
25.0¢ Sentiment: Buy Disclosure: Held
