LIVE FUTURES REPORT 14/08: LME nickel price leads upswing supported by stable China economic recovery

Base metals prices opened mostly higher on the London Metal Exchange, with stable indications of economic recovery in China helping support prices on Friday August 14.

Industrial output in China grew 4.8% in July, flat from the growth rate in June, prompting support for base metals prices. “Industrial output and activity continue to lead the way - it appears that this is enough to get metals prices to recover even when retail sales are showing no real sign of life,” Fastmarkets analyst Andy Farida said. Nickel led the morning’s uptrend, trading at...


Justin Yang

August 14, 2020

10:14 GMT