LME Halts Nickel Trade as Prices Immediately Plunge

The video discusses the market's expectation of a 5% limit down in nickel prices, which occurred as anticipated. The LME halted trading due to technical issues, and there is a comparison between LME and Chinese market trading conditions. The video highlights challenges with LME's trading limits and the lack of faith in the exchange. It concludes by discussing Shanghai's trading flexibility and the potential short-term market shift.

What was the market's expectation for nickel prices when trading opened?

• A 5% limit down

• A 10% increase

• A 15% decrease

• No change

What issue caused the LME to halt trading shortly after opening?

• A cyber attack

• Technical issues

• A power outage

• A natural disaster

Why is there a significant gap between LME and Chinese nickel prices?

• LME has been closed for a week

• Chinese market is volatile

• Chinese prices are fixed

• LME prices are higher

What is a major concern for traders regarding the LME's handling of nickel trades?

• LME's high fees

• LME's cancellation of trades

• LME's slow trading platform

• LME's lack of customer support

Why might Shanghai become the preferred market for nickel trading?

• It is closer to nickel mines

• It has lower taxes

• It has more trading flexibility

• It offers better customer service