Due to the absence of the worst-case scenario of trade tensions, all varieties of the London metal market rose again overnight, and nickel prices closed slightly higher with the trend; The three-month nickel futures in London closed at 15,300 US dollars per ton, with an intraday increase of around 0.7%.

With US President Trump delaying tariffs on Mexico and Canada, base metals have rebounded and stopped falling. At the same time, market participants have breathed a sigh of relief as the US tariffs on China are much lower than the 60% tariffs claimed by Trump during the campaign.

Domestically, during the Spring Festival holiday, the Shanghai nickel futures market was closed for night trading and reopened today.

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