The London Metal Exchange three-month nickel price climbed 0.8% in the morning session on Wednesday September 11, trading up around $18,150 per tonne from the previous day's $17,950 per tonne close.
The three-month nickel contract is ignoring a 1,428-tonne fresh inflow of material into the LME warehouse network. A narrowing cash/three-month nickel spread, trading around $83 per tonne today, is attracting material back onto exchange. Just 666 tonnes of material flowed out of warehouses on the same date while 4,854 tonnes of material were freshly canceled....