SunSirs: The Morning Post of Nickel on December 6th

Due to the uncertainty of Chinese demand and a decrease in risk appetite in the overnight market, nickel prices followed copper prices and fluctuated, failing to continue their previous upward trend. The three-month nickel futures in London closed at15,915 US dollars per ton, falling again and widening the intraday decline to around 1.2%.

Recently, with people feeling disappointed with China's fiscal stimulus measures; Trump's election as the President of the United States has raised concerns that his tariff policies may hit the economic growth and commodity demand of the top metal consuming country. Market risk appetite still faces risks, and some analyses suggest that before the outbreak of a new trade war between China and the United States, China's economic growth has stalled, and trade restrictions will only further weaken demand.

On the domestic front, the night market Shanghai nickel futures fell weakly and closed down again, but received support at the line of 125,000 RMB/ton. The final offer was 125,170 RMB/ton, a decrease of 1,300 RMB/ton or 1.03%.

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