With the lingering impact of demand concerns, the London metal market fell across the board again overnight, with some metal varieties hitting two-week lows and nickel prices falling again along with the trend. The three-month nickel futures in London closed at 17,650 US dollars per ton, with a intraday decline of around 2.2%.

Although there have been reports that nickel mines in two different regions may face operational interruption risks, macro bearish sentiment has hit, prompting traders to increase selling and suppressing the trend of base metal prices.

Domestically, the Shanghai nickel futures fluctuated at a low level during night trading, with a slight decline, and were suppressed by the line of 135,000 RMB/ton. The final closing price was 134,340 RMB/ton, a decrease of 1,130 RMB/ton or 0.83%.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.