LIVE FUTURES REPORT 19/11: LME nickel price falls 1.6% amid trade jitters; tin hits 3-month high

Nickel futures on the London Metal Exchange continue to trade at their lowest level since December 2017 while supply disruptions from Indonesia are helping boost tin back towards $20,000 per tonne.

Nickel futures on the London Metal Exchange continue to trade at their lowest level since December 2017 amid continued pressure from global trade tensions, while persistent supply disruptions from Indonesia remain supportive of tin’s steady climb back towards $20,000 per tonne.
Despite a broadly mixed close, and with the exception of nickel, the majority of base metals continued to trade in positive territory over the afternoon after European markets opened higher.

As for nickel, bearish sentiment continues to limit buying appetite, while a slowdown in Chinese stainless steel output amid the country’s...

Published

Hassan Butt

November 19, 2018

18:25 GMT

London