SunSirs: The Morning Post of Nickel on March 24th
March 24 2025 14:49:07 SunSirs (John)
The strengthening of the US dollar has brought pressure, and with copper futures leading the decline, most varieties in the London metal market fluctuated and fell last weekend, while nickel prices remained unchanged. The three-month nickel futures in London closed at 16,080 US dollars per ton, with the intraday decline further widening to around 1.2%.
In addition to the pressure brought by weak demand from China, the top consumer country, US President Trump's tariff war has raised concerns about a blow to global economic growth and commodity demand.
Domestically, the Shanghai nickel futures opened lower and fell in the evening session, fluctuating and closing lower, currently supported at the level of 129,000 RMB/ton. The final reported price was 129,120 RMB/ton, with a decrease of 680 RMB/ton or 0.52%.
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