SunSirs: The Morning Post of Nickel on November 25th

https://www.chemnet.com   Nov 25,2024 SunSirs

The pressure for the strengthening of the US dollar is still present, and weak business activity in the eurozone dragged down some metal varieties that fluctuated and fell last weekend, while nickel prices slightly strengthened, temporarily breaking away from the previous decline. The three-month nickel futures in London closed at 15,845 US dollars per ton, with a slight increase of around 0.8% during trading.

However, analysis suggests that against the backdrop of escalating tensions and the threat of US tariffs, industrial metals are also facing difficulties, reducing their short-term growth and demand prospects, while gold and other investment metals have gained safe haven buying. Meanwhile, a survey shows that the United States may impose nearly 40% tariffs on goods imported from China early next year, which could result in a 1 percentage point loss in China's gross domestic product.

Domestically, the Shanghai nickel futures opened lower and rose slightly in the evening session, closing slightly higher with the 126,000 yuan/ton line temporarily held steady. The final price was 126,590 yuan/ton, with an increase of 420 yuan/ton or 0.33%.

If you have any enquiries or purchasing needs, please feel free to contact SunSirs with support@sunsirs.com.

 Print  |    add to Favorites  |    Close