SunSirs: The Morning Post of Nickel on November 21st
November 21 2024 11:06:26 SunSirs (John)
Russia has downplayed its nuclear threat, coupled with technology spending on base metal prices, causing the majority of London metal market varieties to fluctuate and rise overnight. However, the rise in the US dollar has limited the room for price rebound; At present, the upward trend of nickel prices continues, with a slight increase. The three-month nickel futures in London closed at 15,875 US dollars per ton, with a slight contraction in intraday gains to around 0.1%. At present, the market's concern about the escalation of the Russia-Ukraine conflict has eased, and the market's mentality has stabilized.
On the domestic front, the night market of Shanghai nickel futures remained stable at a high level, with a slight increase, and currently stands at the line level of 126,000 RMB/ton. The final price is 126,590 RMB/ton, with an increase of 500 RMB/ton or 0.40%.
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