Friday, March 27, 2009

After market for nickel is softer.

Nickel seems to have eased off a bit from the open in the after market. It's about 8 cents of so a lb off the official open.

Nickel inventory up again!

Heck, LME warehouse inventory for nickel is up again at 105,138 tons! I thought it would stop after it reached the 100,000 mark, but it keeps going. I guess the stainless steel sector is really slowing down, and the closures of nickel mines are not slowing the inflow into the warehouse enough.