Due to the easing of tariff concerns, most varieties in the London metal market continued to fluctuate and rise overnight, and nickel prices have continued to rise recently. The three-month nickel futures in London closed a Due to the easing of tariff concerns, most varieties in the London metal market continued to fluctuate and rise overnight, and nickel prices have continued to rise recently. t 15,810 US dollars per ton, with an intraday increase of around 1.8%.
Analysis suggests that the market is experiencing a rebound as concerns about the tariff war have eased. Trump postponed the 25% tariffs on Canada and Mexico on Monday, while China, the largest consumer of metals, retaliated against the United States with a relatively mild 10% tariff.
Domestically, the night trading of Shanghai nickel futures fluctuated at a high level and continued to rise. The final price was 127,100 RMB/ton, with an increase of 1,760 RMB/ton or 1.40%.
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