It is reported that a few days ago, a source said that China Qingshan Holding Group, which holds a large number of short nickel positions on the London Metal Exchange, has closed a small number of short positions, but still holds a large number of short positions.
Due to the contradiction between long and short nickel futures, the exchange raised the initial margin for each ton of nickel trading from $4,808 to $6 144. At the same time, since April, the size of the clearing house default fund of the exchange has almost doubled, from 1 1 billion dollars to 2 billion dollars.
In fact, the recent fluctuations in the nickel futures market are typical manifestations of the decline in global liquidity under the current situation in Russia and Ukraine, and also reflect the negative effects of economic sanctions imposed on Russia by Europe and the United States.
Data show that since the conflict between Russia and Ukraine, the market prices of natural gas, oil, metals and agricultural products have generally soared and become extremely unstable.
At the same time, in the context of reshaping the new trading system, if this trend continues, more and more countries will face supply shortages.
According to sources, the European Union and the United States reached an agreement on liquefied natural gas (LNG) to help member States refuse to buy Russian natural gas in rubles.
However, as a part of global integration, we have not seen the news that the global supply of energy commodities such as oil and natural gas has increased significantly.
At present, as a core member of the Organization of Petroleum Exporting Countries, Qatar has made it clear that it refuses to impose sanctions on Russia's oil and gas sector.
In addition, it was previously reported that the United States persuaded Japan, South Korea and other countries to ship the purchased natural gas to Europe first.
However, the data also shows that Japan is the largest exporter of Russian LNG in Asia, and Korean natural gas companies import about 2 million tons of LNG from Russia every year, accounting for about 6% of their total imports.
Because Russia lists these two countries as unfriendly countries, it also means that countries such as Japan and South Korea need to buy natural gas from new markets in the future.
Who will meet the demand will become a big problem in the global energy market in the future.
It is reported that at present, differences have begun to arise within the EU on how to solve the energy problem.
Germany, Poland and Denmark consider it unacceptable to ban coal imports; The Netherlands believes that banning the import of oil is an untouchable issue.
In the end consumer market, people's demonstrations broke out in many European countries recently to protest against the soaring oil prices.
In response to the energy crisis, Germany has introduced a subsidy plan of tens of billions of euros.
It is worth noting that in response to the criticism from Europe and the United States on India's purchase of Russian oil, relevant Indian people commented that countries that are self-sufficient in crude oil or countries that import from Russia themselves cannot restrict other countries from trading.
Now it seems that before the new energy supply system is effectively solved, how to balance the needs of various countries will be a difficult problem.
specific location