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Chinese president Xi Jinping and his govt may have help bail out China’s Tsingshan Holding Group after it bet on short positions in nickel prices. (Image: Reuters)China may have bail out Tsingshan Holding Group by swapping its state stocks of nickel for the low grade nickel pig iron (NPI) the company producesChina’s Tsingshan Holding Group…Continue Reading

With nickel, MCX launches 3rd base metal options on futures

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SynopsisThe largest commodity exchange MCX on Monday launched trading on nickel options, making it the third base metal derivatives on its platform. The exchange already offers base metal options on futures in copper and zinc and option contracts in gold, silver and crude.Shutterstock.comMumbai: The largest commodity exchange on Monday launched trading on nickel options, making…Continue Reading