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What is LME Nickel Closing Prices Update about?

This notice from the London Metal Exchange (LME) confirms that the nickel closing prices on March 16th traded down to the pre-set 5% daily price limit. As a result, a disruption event has occurred for the purposes of calculating the closing prices. The LME will widen the daily price limit for nickel trading on March 17th in order to help the price find its natural level in an orderly fashion and resume publishing closing prices. Carry trades from March 16th will remain valid even if outside the limits impli

Author

Muzammil

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EN