Quotes from the news wire:
Nickel has a strong fundamental story and I think the view of investors was that after a near $2,000 pull-back, it was approaching territory that, irrespective of that macro noise, was an attractive entry point, this was in particular for the Chinese investor base, where many are hard-core nickel bulls.
Found on Reuters 6 years ago
We have seen the liquidation of a very large long position in China. With that out of the way, that creates a relatively clean positioning picture.
Found on Reuters 6 years ago
In the context of a market waiting for supply-side cuts, a stronger dollar is only going to weigh on the cost curve and constrain the pace at which cutbacks are made.
Found on Reuters 9 years ago
Aluminium tops the list in terms of potential and much needed production cuts in the Western world. Also in the zinc market, we're seeing zinc mine production growing at the fastest pace in several years, given the positioning in base metals, which have swung firmly to short side, if you do see some significant production cut announcements, that could be a trigger for some short covering.
Found on Reuters 9 years ago
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