SunSirs: The Morning Post of Nickel on March 19th
March 19 2025 10:47:57 SunSirs (John)
Although the overnight US dollar exchange rate index fell for the third consecutive trading day, making basic metals denominated in US dollars cheaper for buyers holding other currencies, providing some support, the pressure of weak demand from China still exists. At the same time, Trump's tariff threat has also brought uncertainty to the global economy and demand growth. Therefore, the London market fluctuated, and nickel prices performed poorly, fluctuating and falling again. The three-month nickel futures in London closed at 16,265 US dollars per ton, with a slight intraday decline expanding to around 1.0%. Recently, domestic demand has continued to raise concerns, and some analyses suggest that it may offset the government's recent efforts to stimulate consumption.
On the domestic front, the night market of Shanghai nickel futures showed weak consolidation and fell again, losing the first line integer mark of 130,000 RMB/ton. The final reported price was 129,600 RMB/ton, a decrease of 1,130 RMB/ton or 0.86%.
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