Recently, the price of nickel futures on the London Metal Exchange (LME) soared. It is rumored that Chinese enterprises suffered huge floating losses due to short positions in metal nickel, Listed companies related to the A-share industrial chain Pengxin International Mining Co.Ltd(600490) responded to the soaring price of lunni, saying: “The company used to trade in nickel, and its Australian subsidiary has overseas nickel mines. Recently, the market has fluctuated greatly. The company believes that such market fluctuations belong to short-term behavior, and the long-term impact on the company must be determined according to the trade volume of specific business departments. At present, there is no more information to provide, and major matters involving listed companies will be disclosed in time.” Statistics show that in Pengxin International Mining Co.Ltd(600490) 2020, the revenue of nickel related business reached 1.972 billion yuan, accounting for 22.63%.
Today, the main contracts of China’s futures closed up more or less. Lun nickel staged an amazing position closing market, and the short closing market continued. The price of LME nickel once rose by more than 103% within the day, breaking the $60000, $70000, $80000, $90000 and $100000 mark, setting a new record.
