SunSirs: The Morning Post of Nickel on February 5th
February 05 2025 10:49:27 SunSirs (John)
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.
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