According to the price monitoring of SunSirs, London nickel soared by 78% within a few days, reaching a maximum of 55,000 US dollars/ton. As of the close in the early morning of the 8th, London nickel closed up 76% to 50,905 US dollars/ton, the highest level since June 2007. Affected by London Nickel, Shanghai Nickel continued to trade at the daily limit after the daily trading limit, up 15%, and closed at 228,810 RMB/ton until the daily trading limit was closed and the daily trading limit was not opened.

With the sharp rise in nickel prices, most stainless steel traders are reluctant to sell because the shortage of resources is difficult to relieve in the short term, and they do not offer quotations. The market is currently in a wait-and-see mode.

If you have any questions, please feel free to contact SunSirs with support@sunsirs.com.