LIVE FUTURES REPORT 04/04: LME base metals prices depreciate amid dollar surge; nickel falls 2%

Base metals prices on the London Metal Exchange were lower across the board at the close of trading on Thursday April 4, with an uptick in the dollar index capping upward moves while a marginal uptick in LME stocks this morning also provided a headwind to price action.

The dollar index reached a high of 97.34 over the day’s trading, spurring unfavorable conditions for commodity investment. The index has risen from 97.08 yesterday. Nickel’s three-month price fell to an intraday low of $12,995 per tonne over the afternoon, falling as much as 2% and clocking a high-low range of more than $400 per tonne. The metal continues to trade in volatile swings, while persistent demand from the stainless steel and electric vehicle sectors continue to support price rallies upwards...


Hassan Butt

April 04, 2019

17:35 GMT