WebMar 5, 2024 · “For now, the message to the market is that the premium within exchanged-traded nickel (part of the class 1 family) should largely disappear due to [Tsingshan’s] new technology,” ING’s senior commodities strategist Wenyu Yao said. “Until a new market equilibrium is found, exchange-traded nickel looks bearish in the short term,” Yao ... WebMar 19, 2024 · They didn’t, as a short-covering scramble for nickel briefly pushed prices above $100,000 a tonne on March 8th, putting Tsingshan’s potential losses into the billions of dollars. At that point ...
TSINGSHAN HOLDING GROUP
WebMar 13, 2024 · Beijing could step in to rescue Tsingshan, a source familiar with the matter told Reuters. China could swap some of its high grade nickel reserves for low grade nickel pig iron (NPI) that ... WebMar 10, 2024 · (March 10): An extreme short squeeze that’s driven global nickel prices sharply higher may be starting to ease, as the Chinese company at the centre of the … roth ira filing requirements
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WebMar 14, 2024 · Betting prices would fall, Tsingshan started building a short position last year. The bet backfired partly as Russia's invasion of Ukraine sent metals prices soaring, putting pressure on holders ... WebMar 8, 2024 · China's Tsingshan Holding Group bought large amounts of nickel to reduce its short bets on the metal and its exposure to costly margin calls, turbocharging a record … WebMar 13, 2024 · "Markets were sensing that (Tsingshan) were going to make a move, but they probably made it too early ... a quarter or so too early and nobody was anticipating what happened in Ukraine," said Angela Durrant, Wood Mackenzie's principal nickel analyst. Tsingshan has suggested foreign elements may be driving up nickel prices. st pinnock viaduct