June 2009 | Ferro-alloys
Stocks picture continues to improve: Nickel highlights
A bullish trend is starting to be seen in LME nickel stock data.
The downtrend in LME stocks continues, and now it has been backed up by a jump in cancelled warrants, which suggest we will see further outflows over the coming weeks. Total stocks have now dipped below 110,000 tonnes and cancelled warrants have risen to 7,614 tonnes, which is the highest level since January 2004.
April was...
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