Description
The Spot Settlement Price for LME Nickel is published by the London Metal Exchange (LME). This price represents the final settlement price for nickel traded on the LME, which is a key indicator of the market value of nickel. It is often used to gauge the supply and demand dynamics in the nickel market, as well as to set prices for contracts and physical sales. A higher spot settlement price typically indicates strong demand or limited supply, while a lower price indicates weaker demand or excess supply.
Published by
London Metal Exchange (Choice)
Frequency
Daily
Next Update
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Description
The Spot Settlement Price for LME Nickel is published by the London Metal Exchange (LME). This price represents the final settlement price for nickel traded on the LME, which is a key indicator of the market value of nickel. It is often used to gauge the supply and demand dynamics in the nickel market, as well as to set prices for contracts and physical sales. A higher spot settlement price typically indicates strong demand or limited supply, while a lower price indicates weaker demand or excess supply.