LIVE FUTURES REPORT 12/09: LME nickel spreads tighten; price closes below $18,000 per tonne

The three-month nickel price on the London Metal Exchange was lower at the close of trading on Thursday September 12, while considerable tightness in the metal’s forward spreads prompted market questions of prospective deliveries into LME warehouses to ease trading conditions. Despite moderately low volumes at just over 6,000 lots exchanged by the close, nickel’s…