LIVE FUTURES REPORT 11/01: Nickel falls to $17,300/t; LME complex dips due to rising dollar index

Nickel’s forward price was the most affected by a rising United States dollar index in morning trading on the London Metal Exchange on Monday January 11, with the rest of the base metals complex also registering price falls following a bullish first week of 2021.

Nickel’s three-month price lost 1.65% to trade at $17,375 per tonne at 9am on Monday, compared with Friday’s 5pm closing price of $17,667 per tonne. This followed a 2.4% slump in the nickel price on Friday from its closing price of $18,109 per tonne on Thursday - a day which saw the metal hit its highest intraday price since September 2019. The entire LME base metals complex weakened on Monday morning, in response to an increase in the US dollar...

Published

Ana de Liz

January 11, 2021

11:23 GMT

London