HOTLINE: Nickel bears in Shanghai

Moves by nickel producers in China to encourage the authorities to act against what they deem ‘the wrong kind of short-selling’ in the futures market recalls the complaints made about speculators when prices were ramping upwards in the commodities boom.

Then, consumers complained that the flood of money from funds and other investors that was rushing into commodities was driving prices higher than the basics of supply and demand would otherwise have suggested.

Producers in China argue that what they term malicious short-sellers (a term dragged into the commodities market from equities without much reason so far as one can tell at...


December 11, 2015

13:00 GMT