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
Nickel Prices Fall Daily Limit 5% as Trading Reopens on LMEBy...
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Last
80.0¢ |
Change
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Mkt cap ! $3.428B | |||
| Open | High | Low | Value | Volume |
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Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 4 | 100237 | 80.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 80.5¢ | 143695 | 7 |
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