LME to resume nickel trading on Mar 16
Time:Wed, 16 Mar 2022 06:54:22 +0800
keywords :
The London Metal Exchange (LME) announced yesterday (March 14) that it will resume nickel trading at 08:00 London time on March 16 (resumption date).
Trading will resume on LMEselect in the usual way, with the market opening in a pre-open state, but pre-open will start at 07:30 London time on the resumption date.
According to the LME’s notice, the precise levels of daily price limits of nickel will be announced by 14:00 London time today (March 15). Nickel contracts will be subject to an upper daily price limit of 5% based on the previous business day's closing price, compared to 15% for all other base metals.
In order not to have doubt, the trading of nickel contracts is not allowed on any of the LME’s execution venues before the resumption time.
