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The following is a case of 2022 LME Nickel futures price spike. use link below to answer 1-9 : https://seekingalpha.comews/3810528-lme-halts-nickel-trading-after-price-spikes-above-100kton 1. What happened on March
The following is a case of 2022 LME Nickel futures price spike.
use link below to answer 1-9 :
https://seekingalpha.comews/3810528-lme-halts-nickel-trading-after-price-spikes-above-100kton
1. What happened on March 7th and 8th in LME Nickel market? 2. What do you think are the reasons for LME Nickel futures price spike? Do you think it is purely caused by unbalanced demand and supply? a. What causes the unbalanced demand and supply? b. What are the top nickel producers in the world? c. Are there any big events impacting nickel production or transportation? d. What is BDI? Why is it relevant? e. What is nickel needed for? Is more nickel needed? f. Do you think there is any price manipulation? How to judge whether there exists price manipulation or not? What are the prices of other non-ferrous metals on March 7th and 8th? g. Who are left exposed to big trading losses with the price spike, futures buyers, or sellers? h. Who are left exposed to big trading profit with the price spike, futures buyers, or sellers? i. What is a short squeeze and what is a long squeeze? j. Do you think the LME nickel price spike is a short squeeze or a long squeeze? 3. Tsingshan Holding Group Co was the dominant seller of nickel futures in recent months. What business does Tsingshan do? Does it do upstream or downstream Nickel business, or both? 4. Why did Tsingshan take a short position? 5. Do you think Tsingshan ex-ante takes the correct position in direction, long or short?
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