Further to the previous
announcement regarding disruption to the LME Nickel market, trading has resumed on the exchange as of 16 March 2022 where the market breached its daily lower price limit of 5%.
On days where the upper or lower daily price limits have been breached, official closing prices will not be published as has been communicated by the LME.
The LME has implemented the specific daily price limits to help the Nickel price discovery process occur in an orderly fashion. It will resume publishing official closing prices as soon as trading has occurred on a day where daily limits have not been breached.
Where LME Nickel prices are used in the determination of the below index,
‘last’ traded prices from the LME will be used until such time that official closing prices are once again determined.
Ticker | Index name |
MBCIT312 | UBS Commodity Quarterly Backwardation Select- 12 Index |
For more information, please contact us at
indices@ihsmarkit.com.