LME data week from November 18 to 22
Live Warrants started the week at 38.022 (58,9%) and ended at 44.010 (65.93%) Cancelled Warrants started the week at 26.544 (41,1%).and ended at 22.740 (34.07%).
Opening Stocks are now at 66,750 + 2.184 this week
Among them, nickel, SMM believes that because the news of production reduction in stainless steel plants has been implemented one after another, and because of the storage pressure of stainless steel itself, the fundamental performance of nickel itself is more bearish, so most operators still hold a wait-and-see trend for price reversal, and the existence of some long positions in the early stage has also become the target of short pressure. "[SMM News] demand worries aggravated the decline of nickel in Shanghai by more than 2 per cent."