LME Nickel Stocks










Fastmarkets’ analysts forecast an average London Metal Exchange nickel cash price of $16,375 per tonne in 2020,


A very significant weekly drop
LME data week from September 30 to October 4
Live Warrants started the week at 56…070 and ended at 57.828, Cancelled Warrants started the week at 102.042 and ended at 75.300 .
Opening Stocks are now at 133.128 -24.994






This is worth a read.

TDT :sunglasses:



I can see Ramu going off line again.

TDT :sunglasses:


Mainland Futures: Lunni stocks plummet to seize Nickel Investment opportunities


Indeed, market insiders expect the deficit in the refined nickel market to shrink this year despite Indonesia’s ban on nickel ore exports coming into effect from next year - two years earlier than previously expected.

The International Nickel Study Group (INSG) pegged the refined nickel market in a 48,200-tonne deficit across the first seven months of the year and forecast a deficit of 84,000 tonnes for the full year in 2019 - revised down from a 128,000-tonne shortfall.


Among them, nickel, industry insiders believe that with the gradual release of Indonesian nickel pig iron supply pressure, domestic stainless steel high inventory pressure, will be a drag on nickel prices in the short term. However, the trend of nickel prices in the later stage should not be pessimistic, but there are supply concerns. Zhou Lei of Cinda Futures believes that with the dust settling down in the event of an early ban on mines in Indonesia, there will be significant changes in the supply and demand structure of nickel mines in the future. While Philippine nickel miners are likely to increase output next year, their supplies are not comparable to Indonesia’s higher-grade ore. Moreover, several high-grade mines in the Philippines are facing the pressure of resource depletion. It is worth noting that the recent decline in the sea freight of nickel mines from high levels may weaken the price increase of nickel mines. But there will be a traditional rainy season in Suriname, the Philippines, which means nickel supply remains a concern and higher nickel prices will continue the logic of rising costs. Zhou Lei believes that the subsequent rise in nickel prices is still supported by low inventories and rising costs, but the short-term nickel price is already relatively high and needs to be fully adjusted before it can be driven by the rise. Moreover, the weak fundamentals of the middle and long term in the fourth quarter have not improved, high stainless steel inventory and nickel pig iron investment and other factors will aggravate the market turmoil, nickel price above the space is limited.[smm-midday-review]-non-ferrous-metals-rise-and-fall-mixed-black-system-dim-before-noon/