Opening Bell: Base Metals Market Update

  • LME nickel cash price opened at $32,949/t today, a 7.32% drop as against the previous trading day, while the three-month nickel futures closed at $35,491/t on 25 Mar’22, down 4.68% d-o-d. Stocks touched a new low of 72,924 t.
  • Opening stocks of aluminium in LME warehouses fell to 678,100 t, falling for the 19th consecutive day.
  • Oil prices slipped about $4 at $108.9 per barrel on Monday on concerns over slower fuel demand in China.

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