A summary of what happened to nickel trading in March and the impact this had on the publication and display of the LME nickel data on the Fastmarkets platform

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Nickel prices on the London Metal Exchange had fallen by 4% at the 5pm close of trading on Friday March 25, after another week of disruptions.

The Fastmarkets LME Nickel March Average has been skewed by the suspension of the market followed by the disrupted Officials published for the 8-21st March and the 23rd March. Please see the LME Notice 22/064 Nickel Market Update Resumption of Trading, paragraph 24 in regard to Averages methodology in the event of a disrupted Official. […]

North American Stainless (NAS) will define the nickel portion of the April 2022 surcharge for its stainless products using only London Metal Exchange official closing prices from February 21-March 18, the company said on Friday, March 18, noting that days that included disruption events will be omitted.

Fastmarkets is publishing the below statement from the London Metal Exchange in relation to the publication of official and closing prices for nickel.

The follow text is from the LME and concerns the publication of nickel officials and closing (evals) prices from 16 March onwards. “LME Official Prices and Closing Prices may from time to time be affected by Disruption Events. Where a Disruption Event occurs, the LME will continue to publish the values that it determines between […]

Traders in China are seeking to move piled-up base metal stock in the country to Southeast Asia and Europe, where supply is tight, with export arbitrage terms turning positive since Russia's invasion of Ukraine

The publication of Fastmarkets’ nickel briquette premium, delivered Midwest US and nickel 4x4 cathode premium, delivered Midwest US was delayed on Tuesday March 8.