LIVE FUTURES REPORT 20/09: LME nickel price climbs 3% on 7,000t fresh cancellation

The three-month nickel price on the London Metal Exchange was higher during morning trading on Friday September 20, buoyed by both stock removals and fresh cancellations while turnover was moderately high.

The nickel price was recently trading at around $17,795 per tonne, climbing by more than 3% from Thursday’s closing price of $17,280 per tonne. Nickel trading volumes were moderately high over the morning at 3,250 lots exchanged as of 9:20am London time. A fresh cancellation of 7,326 tonnes and outflows of 3,204 tonnes were registered this morning, with the bulk of freshly booked nickel taking place at LME-registered warehouses in Rotterdam. While the removals were mostly for briquette and...

Published

Hassan Butt

September 20, 2019

10:50 GMT

London