LIVE FUTURES REPORT 22/07: LME nickel price holds above $14,000/t despite 3% drop; tin climbs higher

Nickel’s three-month price on the London Metal Exchange fell by 3% over the afternoon but held above the $14,000 per tonne support level at the close of trading on Monday July 22, while a predominantly negative complex was upended by tin’s 1.3% climb.

Nickel’s three-month price closed at $14,300 per tonne, while tin futures closed slightly higher on the day at $17,900 per tonne, having reached an intraday high of $18,000 per tonne. Turnover in nickel on Monday was moderate at just over 9,000 lots exchanged by the close, behind copper’s 10,000 lots and aluminium’s 12,000 lots traded. Beginning its retreat across the European trading hours, however, nickel’s three-month price fell from an intraday high of $14,685 per tonne and hitting a low on the day at $14,150 per tonne....


Hassan Butt

July 22, 2019

18:01 GMT