LME nickel futures edge up on Feb 11 due to supply disruptions; rising inventories may cause fluctuation
Time:Wed, 12 Feb 2025 07:54:10 +0800
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The London Metal Exchange (LME)nickel futures slightly increased by US$16/ton and closed at US$15,538/ton on February 11. At the same time, the nickel inventory at LME increased by 1,236 tons to 176,946 tons.
With investors shifting their attention from the tariff trade war to potential Fed rate cuts, the US dollar weakened. At the same time, supply disruptions in the mining sector pushed up ferronickel prices, leading to a modest but steady rise in nickel prices. However, an oversupply of pure nickel and increasing LME nickel inventories may cause short-term prices to fluctuate.
