Monday’s squeeze was driven by market participants with short positions being forced to close them out because they couldn’t meet margin calls, brokers and traders said. Bloomberg has previously reported that Chinese entrepreneur Xiang Guangda — known as “Big Shot” — had a large short position on the LME through his company, Tsingshan Holding Group Co, the world’s largest nickel and stainless steel producer.
March 08, 2022 13:01 pm +08
bloomberg- source
NIC down on the association and the volatile/downtrending market.
Nickel at 50000$/t, page-33
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Last
86.0¢ |
Change
0.030(3.61%) |
Mkt cap ! $3.685B | |||
| Open | High | Low | Value | Volume |
| 84.5¢ | 86.0¢ | 82.5¢ | $4.614M | 5.423M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 3 | 90450 | 85.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 86.0¢ | 211735 | 12 |
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| NIC (ASX) Chart |