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Nickel fundamentals point to short-term fall

Odd events can occur in the market for nickel such as what’s been happening over the past six months with both the price and stockpile of the metal rising at the same time, bringing back memories of this time last year when a Chinese stainless steel maker appeared to make an attempt at “cornering” nickel.

Nickel fundamentals point to short-term fall Nickel fundamentals point to short-term fall Nickel fundamentals point to short-term fall Nickel fundamentals point to short-term fall Nickel fundamentals point to short-term fall

It was Tsingshan Steel which stirred nickel 12 months ago with a big buying order that reportedly took 78,000 tonnes of nickel off the London Metal Exchange in a single transaction valued at US$1.