Nickel Electronic Trading Halted As LME Hit By Glitch: Bloomberg
Nickel Electronic Trading Halted As LME Hit By Glitch: Bloomberg
Nickel electronic trading halted minutes after it restarted at The London Metal Exchange ('LME'), citing a technical issue with its new daily limit, as prices plunged when the market opened after a week-long suspension, reported Bloomberg.
據彭博社報道，倫敦金屬交易所(LME)鎳電子交易在重啟幾分鐘後暫停，理由是新的每日漲停限制存在技術問題。在暫停一週的市場開盤後，鎳價格暴跌。
What happened: Trading restarted at 8 a.m. GMT and nickel futures immediately fell through the 5% daily window before the market was suspended again.
發生的事情：交易於上午8點重新開始。GMT和期鎳立即跌破5%的日線窗口，之後市場再次暫停交易。
Related: Nickel Trading To Resume In London With Curbs on Wednesday After Week-Long Halt: Report
相關：在暫停一週後，倫敦的鎳交易將於週三恢復，並受到限制：報道
As per Bloomberg, the exchange said it halted electronic trading to investigate the problem and cancel a "small number" of transactions. Phone-based trading remains open, and brokers in the open-outcry floor known as "the Ring" will trade nickel later today.
據彭博社(Bloomberg)報道，港交所表示，它暫停了電子交易，以調查這一問題，並取消了“少量”交易。以電話為基礎的交易仍然開放，被稱為“The Ring”的公開喊價大廳的經紀商將在今天晚些時候交易鎳。
Why it's Important: The drop in prices signifies that last week's historic short squeeze is easing, narrowing the gap between nickel contracts on the LME and those on Shanghai Futures Exchange.
為什麼它很重要：價格下跌表明，上週歷史性的做空正在緩解，縮小了倫敦金屬交易所鎳合約與上海期貨交易所鎳合約之間的價差。
The LME announced it would reopen the nickel market this week after Tsingshan secured a standstill agreement with its banks.
在清山與其銀行達成停頓協議後，LME本週宣佈將重啟鎳市場。
Related: JPMorgan In Talks With Tsingshan To Contain Nickel Crisis: WSJ
相關：摩根大通與清山集團談判遏制鎳危機：《華爾街日報》
On Wednesday morning, only 206 lots, or 1,236 tons of nickel, changed hands before the market stopped trading within seconds. Most of those trades took place at the limit price of $45,590 a ton.
週三上午，在市場幾秒鐘內停止交易之前，只有206手，即1236噸鎳易手。其中大部分交易是在每噸45,590美元的限價下進行的。
Shanghai Futures Exchange contracts closed up 8.6% at 235,200 yuan ($37,048) a ton but remained below LME prices before the London market opened, Bloomberg notes.
彭博社指出，上海期貨交易所期貨合約收盤上漲8.6%，至每噸235,200元人民幣(合37,048美元)，但在倫敦市場開盤前仍低於LME價格。