Dalam sebuah pernyataan pada hari Rabu, London Metal Exchange (LME) mengatakan akan menaikkan batas atas atau bawah untuk nikel menjadi 8 persen dan mempertahankan batas harga harian 15 persen untuk logam dasar lainnya, efektif Kamis.
Lenni melanjutkan perdagangan setelah penangguhan selama seminggu-, tetapi semuanya tidak berjalan sesuai rencana. Rabu lune batas terbuka nikel, dan karena alasan teknis pertukaran, mencapai batas bawah menyebabkan berhenti lagi. Perdagangan elektronik nikel, yang telah ditangguhkan, dilanjutkan pada pukul 14:00 waktu London Rabu (22:00 waktu Beijing Rabu), dengan keuntungan dan kerugian terbatas pada 5 persen.
The LME will not release Wednesday's closing price, as nickel prices are down by the daily limit during the closing period. The 45,590 / tonne limit will continue to be used for margin calculations at the LME clearing house, as well as the basis for Thursday's gains and losses.
Gejolak pasar yang tajam memaksa LME untuk meningkatkan atau menurunkan perdagangan nikel menjadi 8 persen per hari, tetapi LME menambahkan bahwa itu dapat lebih lanjut menyesuaikan batas atas atau bawah untuk nikel dan logam lainnya tergantung pada kondisi pasar.
In a sign that tensions may be easing, Aoyama announced on Tuesday that it had reached a silent agreement with a syndicate of futures bank creditors. According to the agreement, during the quiet period, Aoshan and its syndicate will actively negotiate the implementation of standby, secured liquidity facilities, mainly for Aoshan's nickel position margin and settlement needs. During the quiet period, the participating futures banks agree not to liquidate the positions held by Aoshan or require additional margin for existing positions.
"In a sense it was expected because we all expected nickel prices to fall, it was just a matter of how fast," said Colin Hamilton, managing director of commodity research at BMO Capital Markets.
The LME's SELECT electronic trading showed a huge volume of sell orders, equivalent to about 50,000 tonnes of nickel, at a limit of 45,590 a tonne, suggesting further falls once trading opens.
