SunSirs: The Morning Post of Nickel on December 19th
December 19 2024 11:02:28 SunSirs (John)
Overnight, the London metal market experienced a volatile trend, with both gains and losses. Nickel prices followed copper prices and closed slightly higher, breaking away from the previous continuous decline. The three-month nickel futures in London closed at 15,530 US dollars per ton, with an intraday increase of around 0.3%.
At present, the weak demand from China, the top consumer country, has brought pressure. President elect Trump's trade and tariff policies may lead to a slowdown in demand from the world's top metal consuming country, while boosting the strength of the US dollar and putting some pressure on base metals. The market is paying attention to the clarification of China's response measures in the future.
Domestically, Shanghai nickel futures opened lower and rose in the evening session, fluctuating within a range and closing slightly higher. The final price is 124,280 RMB/ton, with an increase of 30 RMB/ton or 0.02%.
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