Nickel futures traded below the $29,000-per-tonne level, moving back to where the LME market closed on March 4, the last trading day after unprecedented low trading volumes triggered a liquidity crisis for one of the most crucial industrial commodities. In early March, prices briefly topped the $100,000 mark amid a vicious short squeeze as China’s Tsingshan Holding Group, one of the world’s top producers, bought large amounts to hedge its short bets on the metal. Now, the market moves signaled a return to normal after several weeks of chaos, with trading volumes at average levels and investors’ focus turning to concerns that slowing global growth will hit metals demand, particularly in top consumer China. Historically, Nickel reached an all time high of 54050 in May of 2007. Nickel is mainly used in the production of stainless steel and other alloys and can be found in food preparation equipment, mobile phones, medical equipment, transport, buildings, power generation. The biggest producers of nickel are Indonesia, the Philippines, Russia, New Caledonia, Australia, Canada, Brazil, China and Cuba. Nickel futures are available for trading in The London Metal Exchange (LME). The standard contact has a weight of 6 tonnes. The nickel prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our nickel prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. Trading Economics does not verify any data and disclaims any obligation to do so.

Please Add a comment before the calling of Nickel, we will inform your mail address to the owner of the fish. They will reach to you from email or your phone.

Comments are closed, but trackbacks and pingbacks are open.

PHP Code Snippets Powered By :