LIVE FUTURES REPORT 07/02: Nickel’s LME price down 3%, temporarily breaches $13,000 mark

The London Metal Exchange price of nickel fell by more than 3% on Friday February 7 after reaching a temporary high of $13,210 per tonne.

And nickel’s closing price dropped to $12,770 per tonne, in a day that saw more than 6,300 lots traded.
LME nickel stocks in LME-registered warehouses were now just below 204,000 tonnes, with 3,576 tonnes of fresh cancellations seen in the LME’s daily stock reporting.
In Rotterdam, there was an almost even split between on-warrant and cancelled nickel stocks, with 23,634 tonnes on-warrant and 25,146 tonnes cancelled.

LME-registered warehouses in Kaohsiung held the lion’s share...

Published

Rijuta Dey Bera

February 07, 2020

18:30 GMT

New York