- One must wonder what would have happened if the LME had left the nickel market alone - after nickel prices embarked on a meteoric rise on March 7 - and allowed the short covering price spike to work out.
- After a shaky start last week, LME nickel prices have gradually come into alignment with the SHFE price – which closed only for a day – as the arbitragers have sold LME and bought SHFE.
- LME limits will at least manage dramatic daily price movements in the short term, while markets sit tight and wonder what more is in store.
For further details see:
LME Nickel Hits The Buffers Again