LIVE FUTURES REPORT 10/12: LME nickel price falls 3% on 14kt inflow; tin tops gains

The three-month nickel price on the London Metal Exchange fell during morning trading on Tuesday December 10, softening by more than 3% against a fresh inflow of 14,742 tonnes across LME-registered warehouses in Asia and Europe.

Nickel’s outright price on the LME was recently seen at $12,930 per tonne, a decline of more than $400 per tonne from Monday’s closing price of $13,340 per tonne.  Turnover was moderate, with about 2,000 lots exchanged as of 9:05am London time.  This morning’s nickel inflow was the largest since January 2016 and split across Johor, Port Klang, Singapore, Rotterdam and Vlissingen.  Total on-warrant nickel stocks now sit at...

Published

Hassan Butt

December 10, 2019

10:16 GMT

London