LIVE FUTURES REPORT 28/03: LME Ni price dips below $13,000/t amid US dollar strength, global growth concerns

Nickel’s three-month price on the London Metal Exchange was lower during morning trading on Thursday March 28, capped by broad strength in the US dollar index while risk-averse investors continue to defer commodity investment.

Falling below $13,000 per tonne over the morning session, nickel’s three-month price continues to trade in volatile swings either side of the support level, despite total LME stocks being at a seven-year low of 183,102 tonnes and steady demand from the stainless steel and electric vehicle sectors. Price action in nickel has been largely positive so far in 2019, however, with the metal’s futures price up by just under 20% since the start...

Published

Hassan Butt

March 28, 2019

11:00 GMT

London