LME Warehouse LevelsAbout to break through 200,000 tons. Nothing significant about this particular level that I'm aware of, just noticeable as the decline in level continues, and the monkey brain sees 200,000 as a nice round figure to highlight.
Lowest levels in 5 yrs, and has fallen off a cliff since Jan 2018 (45% decline).
It was 50,000 tons in 2008 and 150,000 tons in 2013.
https://www.infomine.com/investment/warehouse-levels/nickel/all/