SunSirs: The Morning Post of Nickel on January 3rd
January 03 2025 15:34:53 SunSirs (John)
Overnight, some metal varieties in the London metal market fluctuated and closed higher, but due to weak demand prospects and the impact of the strengthening US dollar, most other metals fluctuated and closed lower, with nickel prices continuing to decline. The three-month nickel futures in London closed at 15,100 US dollars per ton, with the intraday decline widening to around 1.5%.
At present, the significant strengthening of the US dollar exchange rate has put pressure on the overall industrial metals industry; Meanwhile, people are concerned about what Trump will do after taking office, and global manufacturing activity and demand have not rebounded.
Domestically, the Shanghai nickel futures fluctuated and fell in the night trading, closing down again and narrowly holding the line of 123,000 RMB/ton. The final reported price was 123,100 RMB/ton, with a decrease of 1,230 RMB/ton or 0.99%.
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