Since all three trading days hit the daily limit, the actual trading volume is very small. According to LME electronic trading platform, only 3 1 1 lot was traded in three trading days. According to the LME contract, the transaction scale is only 65,438+0,866 tons based on 6 tons per lot. The trading position is still as high as 200,000 lots. Obviously, this is another great test of the delivery date that will appear on March 23. Long and short sides, in this extreme market, the possibility of liquidation is very small.

On March 18, LME released the warehouse receipt of metal varieties, showing that aluminum stocks decreased by 9,475 tons, copper stocks increased by 1900 tons, nickel stocks increased by 84 tons, lead stocks were flat, tin stocks were flat, and zinc stocks decreased by 700 tons. This data shows that the inventory of nickel has not increased significantly. Combined with the above volume, both long and short sides have strong willpower and are "gambling".