Nickel Stockpile Orders Increase to Highest Level Since April

Bloomberg reports orders to draw nickel from stockpiles monitored by the London Metal Exchange rose to the highest level since April.

The market news is quoted as saying,

Nickel orders, or canceled warrants, jumped 25 percent to 8,676 metric tons, the highest level since April 14, exchange data showed today. Canceled warrants advanced 46 percent this week, a fourth weekly gain and the longest winning streak since November 2009. Inventories, down 23 percent this year, gained 1.7 percent this week to 105,018 tons.

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