Closing Price: LME 3-Month Nickel Futures
Macro
2025-08-23
Description
The Closing Price of the London Metal Exchange (LME) 3-Month Nickel Futures is published by the London Metal Exchange (LME). It reflects the final price at which the 3-month nickel futures contract is traded on the LME on a given trading day. This indicator is crucial for assessing the market value of nickel, which is widely used in various industries including stainless steel production and battery manufacturing. Higher prices can indicate increased demand or reduced supply, while lower prices may suggest the opposite.
The closing price is determined at the end of the trading day based on the last transaction price of the 3-month nickel futures contract on the LME. It is a direct reflection of the market's supply and demand dynamics.
The closing price is updated daily at the end of each trading day on the LME.
Published by
London Metal Exchange (Choice)
Frequency
Daily
Next Update
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Description
The Closing Price of the London Metal Exchange (LME) 3-Month Nickel Futures is published by the London Metal Exchange (LME). It reflects the final price at which the 3-month nickel futures contract is traded on the LME on a given trading day. This indicator is crucial for assessing the market value of nickel, which is widely used in various industries including stainless steel production and battery manufacturing. Higher prices can indicate increased demand or reduced supply, while lower prices may suggest the opposite.
The closing price is determined at the end of the trading day based on the last transaction price of the 3-month nickel futures contract on the LME. It is a direct reflection of the market's supply and demand dynamics.
The closing price is updated daily at the end of each trading day on the LME.