LME announces to hike daily price limit on nickel trading to 15% starting Mar 21
Views : 114
Update time : 2022-03-21 20:19:38
The London Metal Exchange (LME) announced the daily price limit for nickel trading has been raised from 12% to 15% from Monday (March 21).
The LME resumed nickel trading on March 16 and imposed its first limit on nickel futures, which was suspended in a rare move last week due to extreme price volatility.
The LME also imposed a 15% limit on other basic metals, including aluminum, copper, lead, tin, and zinc, setting limits on outright contracts for the first time in the 145-year history of the exchange.
In terms of the stainless steel market, after a limit down for three consecutive days, the industry is paying close attention to the nickel price trend in the future.
Entering the Chinese New Year holiday, market trading is sluggish
Trade & Pricing: Europe's billet market trend 2024-2025
