LIVE FUTURES REPORT 29/09: Nickel almost below $18,000/t; all LME prices fall with dollar at 10-month high

Nickel was almost at a four-month low, while all prices on the London Metal Exchange declined on Wednesday September 29, pushed down by the continued uncertainty over demand given high energy prices and a US Dollar Index that was at its highest since November 2020.

The US Dollar Index reached 94.28 on Wednesday, a near-one-year high and a 1.9% increase from 92.50 at the start of September. 
The three-month nickel price was among those under steeper pressure Wednesday, falling as low as $18,070 per tonne - its lowest intraday price since July 7. 

The price was up from that figure at the 5pm close, at $18,342 per tonne. Despite this being a 1.2%...


Ana de Liz

September 29, 2021

16:52 GMT