SunSirs: The Morning Post of Nickel on March 28th
March 28 2025 11:16:20 SunSirs (John)
Due to the impact of Trump's car tariffs and uncertainty, the vast majority of varieties in the London metal market fluctuated and fell overnight, and nickel prices fell again under pressure. The previous upward trend did not continue. The three-month nickel futures in London closed at 16,235 US dollars per ton, with a intraday decline of around 0.1%.
Trump announced on Thursday a 25% tariff on car imports, causing a sensation worldwide. The car tariffs alone could increase the average cost of American cars by thousands of dollars and further suppress demand. At the same time, global stock markets fell, and automotive stocks also experienced a significant decline.
On the domestic front, the night market Shanghai nickel futures opened high and fell, fluctuating and closing low, but the support line of 130,000 RMB/ton was still in place. The final offer was 130,160 RMB/ton, with a decrease of 120 RMB/ton or 0.09%.
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