But it was the size of the sell order that raised eyebrows: 49,686 tons is equivalent to two-thirds of all the nickel currently in LME warehouses. And the 8,281 lots were spread over 112 orders, according to Bloomberg data, which means an average order size of 74 lots. There were also several sell orders for 100 lots at prices over $45,590.

This post Nickel bulls are taunted by a huge sell order as trade reopens

was original published at “https://www.bloombergquint.com/markets/nickel-bulls-are-taunted-by-a-huge-sell-order-as-trading-reopens”