The London Metal Exchange (LME) nickel market was last week gripped by the most acute tightness in a decade. Time-spreads flexed into backwardation as a long-running downtrend in exchange stocks squeezed short position holders. Falling inventory and tighter spreads are normally strong bull signals...
https://www.hellenicshippingnews.com/confusing-signals-cloud-london-nickel-market-andy-home/