Nickel ETN Surgerd over 40% Amid a Short Squeeze

Tiger Newspress2022-03-08

Nickel ETN surgerd over 40% amid a short squeeze.

The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.

The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.

“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.

The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.

The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

Calzzzzzz77
2022-03-08
Calzzzzzz77
🤔
alex90b
2022-03-08
alex90b
Like
VictorR
2022-03-08
VictorR
🤑🤑
wallence82
2022-03-08
wallence82
Oh no
TeslaLegend
2022-03-08
TeslaLegend
Nice
Ngohiang
2022-03-08
Ngohiang
A preview of GME and AMC....the world has been warned.

Leave a comment

8

108

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1120894633?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2022-03-08 17:10","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"1120894633","market":"fut","top_or_hot":-1,"title":"Nickel ETN Surgerd over 40% Amid a Short Squeeze","media":"Tiger Newspress","content":"<html><head></head><body><p>Nickel ETN surgerd over 40% amid a short squeeze.</p><p><img src=\"https://static.tigerbbs.com/d9497c32f60d9d6b727e9d7e61f28486\" tg-width=\"1157\" tg-height=\"916\" referrerpolicy=\"no-referrer\"/></p><p>The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.</p><p>The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.</p><p>“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.</p><p>The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.</p><p>The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Nickel ETN Surgerd over 40% Amid a Short Squeeze</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNickel ETN Surgerd over 40% Amid a Short Squeeze\n</h2>\n\n<h4 class=\"meta\">\n\n2022-03-08 17:10 北京时间&nbsp;&nbsp;&nbsp;<strong>Tiger Newspress</strong>\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Nickel ETN surgerd over 40% amid a short squeeze.The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne...</p>\n\n<a href=\"\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"JJN","symbol_name":"镍ETN-iPath","start_time":0,"source_url":"","article_id":"1120894633","we_media_id":"1079075236","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1120894633","pubTimestamp":1646730613,"sourceInfo":null,"weMediaInfo":{"media_name":"Tiger Newspress","introduction":"Providing stock market headlines, business news, financials and earnings ","home_visible":1,"id":"1079075236","head_image":"https://static.tigerbbs.com/8274c5b9d4c2852bfb1c4d6ce16c68ba"},"summary":"Nickel ETN surgerd over 40% amid a short squeeze.The London Metal Exchange has suspended trading in ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"JJN":"镍ETN-iPath","NICK.UK":"镍ETF"},"translate_title":"镍ETN在短暂挤压中超过40%","themeId":"","isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"JJN":0.9,"NICK.UK":0.9},"content_text":"Nickel ETN surgerd over 40% amid a short squeeze.The London Metal Exchange has suspended trading in its nickel contract after the price doubled on Tuesday and soared to a record above $100,000 a tonne amid a vicious short squeeze.The 145-year-old exchange said it was evident the “evolving situation in Russia and Ukraine” had affected the nickel market and given the extreme price moves in Asian trading hours had taken the decision to halt trading on “orderly market grounds”.“The LME will actively plan for the reopening of the nickel market, and will announce the mechanics of this to the market as soon as possible,” it said in a statement.The conflict in Ukraine has caused huge volatility in commodity markets because of Russia’s position as a big supplier of energy, metals and food stuffs, but until now trading has continued in all major contracts.The price of LME’s benchmark three-month nickel contract doubled in Asian trading on Tuesday and briefly rose above $100,000 a tonne following a jump of more than 70 per cent on Monday.","kind":null,"is_publish_news":true,"is_publish_highlight":true,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":9038318055,"gmtCreate":1646740294521,"gmtModify":1676534156841,"author":{"id":"4105665779475500","authorId":"4105665779475500","name":"Calzzzzzz77","avatar":"https://community-static.tradeup.com/news/3f4a73ec9d72936fc1559087289037d7","vip":1,"crmLevel":5,"crmLevelSwitch":0,"authorIdStr":"4105665779475500","idStr":"4105665779475500"},"htmlText":"🤔","listText":"🤔","text":"🤔","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038318055","repostId":1120894633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038399917,"gmtCreate":1646732751434,"gmtModify":1676534156147,"author":{"id":"3579420890541030","authorId":"3579420890541030","name":"alex90b","avatar":"https://static.tigerbbs.com/6caf16fa1b6029c0bd555a9dafd6173f","vip":1,"crmLevel":3,"crmLevelSwitch":0,"authorIdStr":"3579420890541030","idStr":"3579420890541030"},"htmlText":"Like&nbsp;","listText":"Like&nbsp;","text":"Like","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038399917","repostId":1120894633,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038390049,"gmtCreate":1646732531015,"gmtModify":1676534156138,"author":{"id":"3586836113720626","authorId":"3586836113720626","name":"VictorR","avatar":"https://static.itradeup.com/news/0a8b1f8ea44e529d7505e24cef47bcdc","vip":1,"crmLevel":2,"crmLevelSwitch":1,"authorIdStr":"3586836113720626","idStr":"3586836113720626"},"htmlText":"🤑🤑","listText":"🤑🤑","text":"🤑🤑","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":4,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038390049","repostId":1120894633,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038305777,"gmtCreate":1646732017260,"gmtModify":1676534156060,"author":{"id":"3564307944903490","authorId":"3564307944903490","name":"wallence82","avatar":"https://static.tigerbbs.com/dea005ab03386f13fa25c505b9a3221a","vip":1,"crmLevel":7,"crmLevelSwitch":0,"authorIdStr":"3564307944903490","idStr":"3564307944903490"},"htmlText":"Oh no","listText":"Oh no","text":"Oh no","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":3,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038305777","repostId":1120894633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038305101,"gmtCreate":1646731692110,"gmtModify":1676534156030,"author":{"id":"3572489627147183","authorId":"3572489627147183","name":"TeslaLegend","avatar":"https://static.tigerbbs.com/180ad6f06095bcbf2b6594d26c494752","vip":1,"hat":"https://static.tigerbbs.com/f84859c65fc2d7681e28f6b8e9b0535a","crmLevel":4,"crmLevelSwitch":1,"authorIdStr":"3572489627147183","idStr":"3572489627147183"},"htmlText":"Nice&nbsp;","listText":"Nice&nbsp;","text":"Nice","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":5,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038305101","repostId":1120894633,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":9038302616,"gmtCreate":1646731402767,"gmtModify":1676534156003,"author":{"id":"3559474713781575","authorId":"3559474713781575","name":"Ngohiang","avatar":"https://static.tigerbbs.com/1f00c455fcf192c420fd06daac9b2b0d","vip":1,"crmLevel":6,"crmLevelSwitch":1,"authorIdStr":"3559474713781575","idStr":"3559474713781575"},"htmlText":"A preview of GME and AMC....the world has been warned.","listText":"A preview of GME and AMC....the world has been warned.","text":"A preview of GME and AMC....the world has been warned.","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":8,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/9038302616","repostId":1120894633,"repostType":2,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":108,"commentSize":8,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.1","shortVersion":"4.29.1","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1120894633"}