LIVE FUTURES REPORT 20/01: LME nickel price settles above $14,000 despite thin turnover

The three-month nickel price on the London Metal Exchange was higher at the close of trading on Monday January 20, back above the $14,000 per tonne threshold against the lowest turnover since December 24 last year.

In contrast, lead futures edged lower against a similar absence of liquidity. Nickel’s outright price on the LME closed at $14,025 per tonne on Monday afternoon, back above nearby resistance against two consecutive settlements below the mark to end last week, while a daily turnover of just 5,209 lots over the day saw nickel volumes hit a one-month low. The price of nickel improved by more than 1% from an intraday low of $13,835 per tonne, but failed to...


Hassan Butt

January 20, 2020

18:57 GMT