LIVE FUTURES REPORT 01/02: Nickel up near 1%; LME complex mixed

Prices on the London Metal Exchange were mixed on Monday February 1 morning, with nickel the only metal to make a substantial gain of nearly 1%, given the weaker-than-expected Chinese manufacturing data released on Sunday.

Nickel’s three-month price was up 0.95% at 9am on Monday to $17,860 per tonne, from Friday’s closing price of $17,691 per tonne. The metal fell 3% over the last week of January, closing at $18,250 per tonne on January 25, with Covid-19 anxiety and the slowdown surrounding the Chinese New Year spilling over into LME prices.  The rest of metals on the LME were slightly down on Monday, with tin’s three month price also dropping 0.8% to $22,600 per tonne from $22,779 per tonne at Friday’s 5pm close. Data released on Sunday evening showed the...

Published

Ana de Liz

February 01, 2021

10:30 GMT

London