LIVE FUTURES REPORT 11/11: LME nickel price leads the complex lower to sink 4% in continued sell-off

The three-month nickel price on the London Metal Exchange continued to fall over the course of Monday November 11 to end the day’s trading down by just under 4% against high turnover, while the rest of the complex similarly closed lower.

The nickel futures price closed at $15,565 per tonne on Monday afternoon, its lowest 5pm closing price since August 7. Turnover in nickel was high over the day with 9,719 lots exchanged by the close, the largest volume since October 28. Prompting the downturn was United States President Donald Trump’s suggestion a potential trade deal with China would only occur if it was the right deal for the US, dampening investment sentiment....


Hassan Butt

November 11, 2019

18:03 GMT