More chaos - nickel trading limit now raised to 12% “LME boosts Nickel Trading Limit Again, to 12% After Fresh Chaos”
“... only a handful of contracts have traded and there are still effectively no buyers at the limit-down price of $41,945 a ton.”
“[A]cross the market, there has been little interest to buy at the limit-down price.
And for a second day on Thursday, a huge volume of nickel was offered for sale, suggesting prices are poised to fall further. More than 13,000 lots, or 78,000 tons of nickel, had been offered as of 1:45 p.m.”
https://finance.yahoo.com/news/lme-nickel-traders-awake-fresh-081514283.html