LIVE FUTURES 13/09: Aluminium falls from $3,000 high, nickel down 3.3% as LME base metals fall

Base metals prices on the London Metal Exchange were lower across the board at 5pm on Monday September 13, after coal prices continued to trade downward and strength was seen in the US dollar.

The US Dollar Index reached a high of 92.89 on Monday, the highest level seen for more than two weeks and shoring up the current weakness across the base metals complex. The three-month nickel price came under the greatest pressure during Monday’s trading, going down by more than $500 per tonne, to $19,726 per tonne. The price of the electric vehicles battery material was down by 3.3% from $20,392 per tonne at Friday’s 5pm close, after 10,976 lots were traded during Monday. “As to the main reason for this turn - aside from the [Dalian Commodity Exchange] raising margins on certain coking coal and coke...


Imogen Dudman

September 13, 2021

16:52 GMT