Description
The LME Nickel Premium/Discount (0-3) is published by the London Metal Exchange (LME). This indicator reflects the premium or discount of nickel contracts with 0 to 3 months maturity compared to the cash price. It is often used to gauge the supply and demand dynamics of the nickel market, as well as market sentiment. A higher premium typically indicates strong demand or tight supply, while a discount may suggest weaker demand or oversupply.
The premium or discount is calculated as the difference between the futures price of nickel contracts with 0 to 3 months maturity and the cash price of nickel. It is expressed in USD per metric ton.
This data is updated daily, reflecting the latest trading activity and price movements in the nickel market.