WebApr 13, 2024 · LONDON/BENGALURU (Reuters) -JPMorgan Chase & Co has dropped or cut credit lines to a large number of Indian metals clients, sending them looking for new brokers, the head of Nanhua Financial UK told Reuters. JPMorgan declined to comment. Reuters reported last September that JPMorgan had pared back credit to customers in Europe and …
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WebMar 27, 2024 · In terms of upstream nickel, the LME lowered the margin for nickel from US$6,100 to US$5,700. Affected by this, nickel prices rose slightly. Forecast of the market outlook: In summary, the news of production reduction drives the price of stainless steel, but whether the production reduction can really be implemented remains to be verified. Web1 day ago · Adds background on nickel crisis. April 13 (Reuters) - JPMorgan Chase & Co JPM.N has stopped working with dozens of base metals clients and slashed bonuses of its bankers after last year's nickel ...
WebApr 2, 2024 · When Tsingshan got caught in its short squeeze, it held 30,000 tons of its position on the LME, another 120,000 tons were held in over-the-counter positions with banks like JPMorgan , BNP Paribas ... WebMar 8, 2024 · Tsingshan’s short position on the LME is in the range of 100,000 metric tons of nickel, sources told Bloomberg. And it could be even larger when positions taken through intermediaries are taken into account, sources told Bloomberg separately.
WebMar 28, 2024 · Cover Story: How Nickel Turmoil Exposed the LME and China’s Tsingshan. By Lu Yutong, Luo Guoping, Yue Yue, Wang Shiyu and Denise Jia. Nickel soared 250% to a … WebApr 5, 2024 · Les Bourses européennes avaient annoncé le 16 février un projet de coentreprise pour opérer cette base prévue par la révision de MIF 2.
Web1 day ago · As a reminder, JPMorgan played a central role in the nickel crisis that brought the LME to its knees last March. It was the largest counterparty for Tsingshan Holding Group, the company whose huge short position was at the center of the squeeze. It reported a $120 million loss related to nickel in its first quarter results a year ago.
WebMar 13, 2024 · Tsingshan, for instance, has a short position of 30,000 tonnes of nickel directly on the LME, which is held through brokers. But the bulk of its 150,000-tonne short … binshof wellnessWebApr 13, 2024 · Bloomberg News reported on Thursday that JP Morgan had made deep cuts to its metals business and slashed bonuses of its bankers after last year’s nickel crisis, citing people familiar with the matter. The bank also declined to comment on that report. Broker Marex Financial has also been picking up new clients as JP Morgan and other … daddy\u0027s dying movieWebNov 14, 2024 · In September, Rating agency Fitch Ratings revised its LME spot nickel price forecast to an average of $24,000/tonne in 2024, down from $25,000 previously. The agency maintained its 2024, 2024 and 2025 average price forecast at $20,000, $17,000 and $15,000, respectively. In contrast, algorithm-based price prediction website Wallet Investor ... binshof therme speyer angeboteWebMar 9, 2024 · Having capacity but no inventory puts Tsingshan at a disadvantage, he said. The product to deliver with LME nickel contracts is cathode nickel containing at least 99.8 percent nickel, in accordance with the American Society for Testing and Materials' specifications. This type is different from the mainstream ferro-nickel and nickel pig iron. daddy\u0027s dyin who\u0027s got the will full movieWebMar 15, 2024 · Following Tsingshan's statement announced March 15, the LME said that all nickel contracts will resume trading at 0800 London time on March 16. The LME … daddy\\u0027s eyes zoe wees lyricsWebMar 8, 2024 · Tsingshan and the LME declined to comment. One of the sources said Tsingshan's bets on lower nickel prices had amounted to around 300,000 tonnes at an … daddy\u0027s eyes lyrics zoe weesWebMar 10, 2024 · Nickel Tycoon Tells Banks He Wants to Keep Shorting. Xiang shrugged off suggestions to reduce short positions. Tsingshan’s nickel short position stood at about … daddy\u0027s favorite harry potter fanfiction