Market update for OSTP Group Customers:
The LME “Resumption Date” was not confirmed by 2.00pm GMT today, therefore we understand the suspension of trading in all Contracts in Nickel continues at least until 16th March.
OSTP therefore will continue to offer only on a daily basis with all offers valid for 1 day.
We regret that this is necessary but these unprecedented conditions leave us with no alternative currently.
We confirm once again that OSTP’s best advice to our customers is not to panic but to engage in dialogue with us through your normal contact routes so we can together navigate these times with least negative impact to all parties and maintain as best as possible needed material supplies.
It should be naturally expected that material prices base and AAF rates will increase significantly in the coming months and current offers made by OSTP Group reflect the best known information available.
We remain committed to maintain regular news updates on our website for your information and guidance