Nickel Prices Fall Daily Limit 5% as Trading Reopens on LMEBy Joe WoelfelMarch 16, 2022 4:22 am ETOrder ReprintsPrint ArticleNickel prices dropped 5%, the new daily limit set by the London Metal Exchange, after trading was suspended last week following an unprecedented price surge that saw the metal top $100,000 a ton.The LME had suspended trading on March 8, and canceled all trades after what it called an “unprecedented” price surge. Prices that day spiked by 250%. The exchange also outlined new rules to prevent extreme price moves in nickel and other metals, saying it would allow nickel to rise or fall “at least 5%” daily.
8am opened down to $17.32 bid limit $15.32 offer not exercisable today
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86.0¢ |
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Open | High | Low | Value | Volume |
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No. | Vol. | Price($) |
---|---|---|
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46 | 194743 | 0.860 |
17 | 233328 | 0.855 |
20 | 222059 | 0.850 |
8 | 205984 | 0.845 |
11 | 204519 | 0.840 |
Price($) | Vol. | No. |
---|---|---|
0.865 | 82695 | 33 |
0.870 | 332080 | 24 |
0.875 | 310452 | 23 |
0.880 | 425215 | 18 |
0.885 | 92076 | 9 |
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