Stock rise compounds price correction pressure Nickel prices are consolidating around $16,000 per tonne after peaking at $16,690 per tonne earlier this month. The rumors that the export ban for nickel ore in Indonesia is likely to be brought forward and announced this year or in January 2020, has provided strong support to the market, but is this fully priced in now? But the tighter spreads that have accompanied the price rally, has resulted in metal returning to LME warehouses, with stocks rising to 149,640 tonnes last week from 144,138 tonnes a week earlier. SHFE stocks also rose, by 0.4%...
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