LIVE FUTURES REPORT 27/07: Nickel closes down 4%, ali recovers earlier losses

Base metals prices on the London Metal Exchange closed the session largely in negative territory on November 27, with nickel in particular failing to recover from earlier losses, closing down nearly 4%.

The three-month nickel price ended the day $465 lower than Friday’s close at $11,570 per tonne, after it finished last week at $12,035, around 11-day highs.  Analysts attributed the lower tone throughout the day mainly to a fall in Asian equities. The Chinese CSI 300 closed down 1.32% after a day of consolidation on Friday, which followed Thursday’s steep sell-off. The Nikkei 225 closed down by 0.24% and the Hong Kong Hang Seng by 0.6%.  Following on from the losses in Asia this morning, European markets have all closed in negative territory. The FTSE 100 is down 0.35% for the session, Euro Stoxx is down 0.48%, CAC 40 is down 0.56% and the DAX is down...

Published

Ian Walker

November 27, 2017

17:50 GMT