Tsingshan only holds 30k short position, the remaining 150k is held by JP Morgan and some other banks, if Tsingshan falls into bankruptcy, JP Morgan will be in trouble. Do you think that will happen? No. LME will close until the issue is settled. Too big to fail.
LME Nickel Price, page-39
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 (20min delay)
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Last
80.5¢ |
Change
0.000(0.00%) |
Mkt cap ! $3.450B | |||
| Open | High | Low | Value | Volume |
| 82.0¢ | 82.0¢ | 80.0¢ | $2.719M | 3.367M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 1 | 19814 | 80.5¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 81.0¢ | 22292 | 2 |
View Market Depth
| Last trade - 16.10pm 29/07/2024 (20 minute delay) ? |
| NIC (ASX) Chart |