Tsingshan stainless short 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 · 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 …
Tsingshan stainless short nickel
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WebMar 9, 2024 · Nickel rapidly surged to a record high above $100,000 a ton in the early hours of Tuesday morning, triggered by a short squeeze on holders of nickel short positions. … WebMar 9, 2024 · It will likely take a couple more news cycles to flush out the details, but all accounts have this price move down to Chinese nickel producer Tsingshan Holdings Group (private) having to cover a massive short position at a loss, and the market piling in and making a GameStop of it.. Tsingshan is a private Chinese stainless steel producer that …
WebApr 11, 2024 · PT Indonesia Tsingshan Stainless Steel (ITSS) has not responded to Indonesia: Unsafe working conditions at Chinese-owned nickel smelters led to 76 injuries and 57 deaths from 2015 to 2024, CSO report shows. stories Story 11 Apr 2024 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 …
WebApr 13, 2024 · JPMorgan played a central role in the nickel crisis that brought the LME to its knees in March. It was the largest counterparty for Tsingshan Holding Group Co., the company whose huge short ... WebMar 10, 2024 · Many experts think it will once the short squeeze plays out. World’s biggest nickel player in a spot of bother. The fall guys for that short squeeze appear to be Tsingshan and its founder Xiang Guangda. Xiang and Tsingshan were short a reported 100,000t on the LME, a mix of hedges against future production and bets on the nickel price going down.
WebMar 16, 2024 · The LME was forced to halt nickel trading and cancel trades after prices doubled on March 8 to more than $100,000 after Tsingshan bought large amounts to …
WebDec 14, 2024 · The news gave a haircut to nickel prices which have been trading around seven-year highs on both supply tightness and the emergence of demand from the battery … incarnation\\u0027s usWebNov 23, 2024 · In March 2024, the nickel and stainless steel futures contracts’ hitting the limit down and Tsingshan Group's announcement of the completion of the conversion … inclusive creditWebMar 14, 2024 · One of the world's top nickel producers faces massive losses on its short positions after prices soared over $100,000 per tonne last week and forced the London … incarnation\\u0027s uuWebThe Tsingshan Holdings Group ( Chinese: 青山控股, ching-shan) is a Chinese private company active in the stainless steel and nickel industry. Xiang Guangda in 2024. … incarnation\\u0027s uwWebMar 9, 2024 · Nickel rapidly surged to a record high above $100,000 a ton in the early hours of Tuesday morning, triggered by a short squeeze on holders of nickel short positions. Nickel had surged 66% the day ... incarnation\\u0027s ubWeb2 days ago · JPMorgan played a central role in the nickel crisis that brought the LME to its knees in March. It was the largest counterparty for Tsingshan Holding Group Co., 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. incarnation\\u0027s upWebMar 8, 2024 · Xiang Guangda -- who controls the world’s largest nickel producer, Tsingshan Holding Group Co., and is known as “Big Shot” in Chinese commodity circles -- has closed … inclusive creatives hobart