LIVE FUTURES REPORT 13/03: LME nickel price stages recovery; zinc back above $2,000/t

The three-month nickel price on the London Metal Exchange recouped the previous day’s losses during morning trading on Friday March 13, while zinc futures also made a 3.6% recovery to push back above nearby resistance levels.

Nickel’s outright price on the LME was recently at $12,545 per tonne, with trading volumes over the morning exceeding 8,300 lots, second to copper’s 15,300 lots exchanged as of 9:10am London time. The LME nickel price fell to a new 2020 low of $11,735 per tonne on Thursday, prompted by a large rewarranting of more than 16,000 tonnes, and closed trading at $11,830 per tonne. The price recovered back above $12,000 per tonne during Asian trading hours this morning. Exchange stock activity in nickel...

Published

Hassan Butt

March 13, 2020

10:26 GMT

London