Tsingshan short squeeze
WebMar 14, 2024 · About 50,000 tonnes of Xiang's total nickel short position of over 150,000 tonnes is held through an over-the-counter position with JP Morgan, which means Tsingshan owed the bank about US$1 ... WebMar 8, 2024 · The massive short squeeze in nickel has embroiled a major Chinese bank as well as the largest producer ... Tsingshan has been under growing pressure from its …
Tsingshan short squeeze
Did you know?
Web2 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. WebNickel Short Squeeze Explained: I explain the players involved in last weeks nickel short squeeze on the London Metals Exchange (LME) that took the price of ...
WebApr 26, 2024 · “The short squeeze gathered momentum as China’s Tsingshan Holding Group Co. attempted to cover its massive short position, which is reportedly equivalent to … WebJul 12, 2024 · When the exchange reopened a week later, prices fell and Tsingshan was able to quickly cover 20% of its short position. By May, China’s Covid lockdowns had decimated the price of nickel and ...
WebMar 8, 2024 · Tsingshan Holding Group was looking at an $8 billion trading loss ... A Chinese nickel titan is staring down an $8 billion trading loss as a short squeeze sends the metal … WebJun 10, 2024 · Tsingshan had been shorting nickel ... Then came the Feb. 24 invasion by Russia, which exports about 5% of the world’s nickel. A price jump sparked a “short squeeze” ...
WebDuring the so-called standstill agreement reached Monday, Tsingshan said in a statement, the banks will continue talks on a secured lending package that would enable the company to pay the upfront cash it owes banks and brokers, known as margin. Tsingshan said the banks had agreed not to close out positions they hold against the company.
Web1 day ago · Coinbase, AMC, GameStop and 15 Other Stocks at Risk of Short Squeezes. By. Al Root. April 13, 2024 2:20 pm ET. Order Reprints. Print Article. The stock market might … shang wei hospitality \u0026 retail management ltdWebMar 11, 2024 · Nickel squeeze shines spotlight ... known Chinese metals group Tsingshan Holdings and its co-founder Xiang Guangda as the company scrambled to cover a short … shangwei.com.myWebMar 8, 2024 · The massive short squeeze in nickel has embroiled a major Chinese bank as well as the largest producer ... Tsingshan has been under growing pressure from its brokers to meet margin calls on ... shang wheeler decoysWebMar 31, 2024 · "There is a risk that another short squeeze could hit the [London Metals Exchange] nickel price in the near term, given the presence of both a dominant warrant … shang wei chowWebMar 26, 2024 · What happened was a classic short squeeze. At its centre was Tsingshan Holdings, a Chinese nickel producer, which had short positions (bets on falling prices) on the LME but also away from the ... shang wheelerWebMar 8, 2024 · Nickel prices soared, part of a self-reinforcing dynamic known as a short squeeze, prompting the London Metal Exchange to suspend trading in the metal. poly foam cushioning 1 inch thickWebIn the several months leading to March 2024, Xiang began taking a large short position in nickel through Tsingshan, in order to hedge against falling prices. Due to a rise in nickel … shang wood industries