LIVE FUTURES REPORT 28/03: LME base metals prices climb higher; ali bucks the trend

Base metals prices on the London Metal Exchange ended higher at the close of trading on Wednesday March 28, with only aluminium trading lower.

The three-month nickel price was the biggest mover, rising $130 per tonne and recovering back above $13,000 per tonne. The metal is being buoyed by a tight market and low stocks. “Total LME stocks have had very little inflow and edged lower to 322,236 tonnes. Rising canceled warrants are fueling a rather bullish backdrop and show that the refined nickel market is tight,” Metal Bulletin analyst Andy Farida. Nickel prices are also finding support from a lack of clarity regarding the mine...

Published

Hassan Butt

March 28, 2018

18:11 GMT

London