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SunSirs: The Morning Post of Nickel on February 7th

February 07 2025 14:44:20     SunSirs (John)

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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