LIVE FUTURES REPORT 25/06: LME nickel price falls 3.6%, zinc continues to stuggle [CORRECTED]

Nickel prices on the London Metal Exchange were down by more than 3% at the close of trading on Monday June 25, while other base metals prices also slumped.

Nickel traded in an intraday range of $680 per tonne, eventually closing down 3.6% by the end of trading below $15,000 per tonne. A sharp rise in the dollar index, which remains high, piled pressure on the base metals last week while added uncertainty about global trade tensions are fuelling bearish market sentiment. “There was no particular catalyst behind last week's sell-off, but we have to suspect that growing trade tensions across both sides of the Atlantic, as well as between the US and China are unnerving markets, with...


Hassan Butt

June 26, 2018

11:13 GMT