Tsingshan short squeeze

Author: pjjv

August undefined, 2024

WebLast week, we saw the nickel market come to a complete halt and shut its doors for over a week in response to a violent short squeeze. Web1 day ago · Short-squeeze stocks grabbed headlines last year following the monumental meme stock frenzy in 2024. The phenomenon emerged from the trenches of Reddit where traders banded together leaving short ...

Behind the “Epic Short Squeeze” of Lun Nickel: Who is Qingshan’s ...

WebMar 9, 2024 · Nickel prices surge above $100,000 a tonne on a huge metal short-squeeze. The London Metal Exchange has given a unit of China Construction Bank Corp. extra time … WebMar 18, 2024 · Tsingshan Holdings reported $19 billion in revenue last year, and even if it encounters short-term cash flow pressures, a collapse is unlikely due to the event. At … fish restaurant mundelein il

A Chinese nickel titan is staring down an $8 billion trading loss as …

WebMar 5, 2024 · Nickel price tumbles on Tsingshan’s news, looking for new ‘balance’ Nickel prices on both the Shanghai Futures Exchange and London Metal Exchange took a bad hit following the news. The SHFE nickel price tumbled on Thursday March 4, with the SHFE March nickel contract closing at 130,320 yuan per tonne on March 4, down by 7,630 yuan … WebMar 8, 2024 · Shorted to hedge rising output and on a bet the rally in nickel at the time would fade in 2024. Then came the sanctions. By Wolf Richter for WOLF STREET. The price of … WebBut while the short squeeze has weighed on Tsingshan’s short-term cash flows, strong nickel prices are to its advantage in the long run. fish restaurant musselburgh

Why is nickel trading suspended on the London Metal Exchange?

WebBBBY short interest is up more than 17.5m shares. 218. 29. r/Shortsqueeze. Join. • 1 mo. ago. BBBY target price $3.5 for Friday's OpEx. Fan of this stock or not, it does look primed as puts options are closing up and calls are filling in. 224. WebMar 11, 2024 · Xiang’s short squeeze. In the last few months of 2024, nickel prices hit a seven-year high, ... Tsingshan would then be able to use this metal to pay off brokers. fish restaurant montrealWebMar 9, 2024 · The Chinese nickel giant at the center of the action, Tsingshan, received a financial lifeline from banks to help meet margin calls related to $8 billion in paper losses. fish restaurant munich

"WebMar 24, 2024 · While Tsingshan holds an outsized short position on the LME, there are many other industrial users and physical traders who hold short positions to hedge their price risk, raising the threat of another squeeze if those parties need to buy their positions back, or brokers seek to close them out to avoid further margin calls. Total short positions held by … " - Tsingshan short squeeze

Tsingshan short squeeze

Structured finance and securitisation in Hong Kong Law firm and ...

WebAdvising BOCI on the Tsingshan LME Nickels short squeeze crisis of March 2024. Advising the Hong Kong Liquidators of Manley Toys on US recognition of Hong Kong voluntary liquidation proceedings that was heavily contested. WebMar 8, 2024 · Nickel doubled in price to hit a record level of US$100,000 per tonne before the London Metal Exchange (LME) decided to suspend trading on Tuesday (March 8). The base metal, used mainly in ...

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WebMar 11, 2024 · News emerged that the rally in nickel prices was caused by a short squeeze against Chinese nickel and stainless steel producer Tsingshan ... and reports suggest Tsingshan has secured loans and metal to settle its short position, some shareholders may be wary about the prospect of Tsingshan reducing its 18.7% stake in NIC ... WebApr 10, 2024 · gguy44. My last short squeeze idea, Zynex (), almost doubled over the next three months, after I mentioned the positive technical setup in October here.Below is a chart of the situation, with the ...

WebMar 21, 2024 · A “short squeeze” occurs when other investors bet against that short by buying the asset. When a squeeze works, ... But when Tsingshan made its bet that nickel prices would drop, ... WebMar 8, 2024 · The London Metal Exchange suspended trading in one of its main contracts after a vicious “short squeeze” sent the price of nickel soaring and left a Chinese metals …

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 … 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” ...

WebTsingshan received a financial lifeline to help meet margin calls. It secured bridge loans from banks including JPMorgan Chase & Co. JPM, -2.29% and China Construction Bank Corp. 939, -0.42% ...

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 … candle in the dark diana rossWebApr 13, 2024 · 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 ... fish restaurant merchant cityWebMar 15, 2024 · Tsingshan got a margin call for $3 billion, according to Bloomberg, meaning it had exposure to more than 150,000 tonnes of nickel. The problem for Tsingshan was … fish restaurant monterey caWebMar 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. fish restaurant name funnyWebMar 11, 2024 · Australia's Nickel Mines Ltd dropped its A$18 million ($13.24 million) share purchase plan (SPP) on Friday, in the wake of market volatility caused mainly by Tsingshan Holding Group's short squeeze. fish restaurant mornington peninsulaWeb1 day ago · It was the largest counterparty for Tsingshan Holding Group, 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. As the largest bank in the base metals industry, it was also involved in the saga in other ways. candle in the tomb 2022WebMar 8, 2024 · Read more: Nickel’s $100k Spike on Short Squeeze Prompts Trading Halt Tsingshan, a privately-held company, and other ‘shorts’ faced larger margin calls on their … candle interpretations burning