As market concerns about the possibility of additional import tariffs on metal varieties from the United States gradually intensify, the price difference between the US and the UK has further widened. Overnight, the London metal market has surged and fallen, and nickel prices have continued their previous upward trend, closing up again in the late trading session. The three-month nickel futures in London closed at 16,275 US dollars per ton, continuing to rise during trading with a slight narrowing of the increase to around 0.8%.

The US imposed a 25% tariff on steel and aluminum products, which took effect in early March. Trump also stated that he will impose "equivalent tariffs" on April 2nd to match the level of tariffs imposed by other countries on the United States.

Domestically, Shanghai nickel futures opened lower and rose again in the evening session, continuing to stand at the level of 130,000 RMB/ton. The final price was 130,830 RMB/ton, with an increase of 740 RMB/ton or 0.57%.

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