🌍 Nickel Market Update: A Week of Resilience Amid Uncertainty

Last Friday, LME nickel closed $165 higher at $16,400/ton, while Shanghai nickel surged 810 RMB to close at 131,660 RMB/ton in the evening session.

🔎 Global Macro Trends:

1. US Core PCE data came in higher than expected, dampening hopes for an imminent rate cut.

2. The market remains on edge as the Trump administration escalates its tariff policies. With this week's expected implementation of "reciprocal tariffs," the measures could exceed initial expectations.

3. Major US stock indices reflected the uncertainty, ending the week in negative territory.

📊 China's Steady Response:

China’s extensive policy toolbox remains a solid buffer against external pressures. Through flexible exchange rate management, targeted fiscal support, and strategic supply chain adjustments, the country is well-positioned to mitigate the effects of escalating trade tensions. The impact on Chinese equities may be less severe compared to previous rounds of tariffs.

🌐 Stainless Steel Market: Volatility with a Touch of Optimism:

The stainless steel futures market saw notable swings, rallying mid-week before facing some pullback. However, volatility remains the key theme.

On the spot market, initial hesitation gave way to opportunistic buying as market sentiment shifted. Traders quickly leveraged macroeconomic narratives to fuel a short-term rebound.

⚡ Looking Ahead:

With geopolitical uncertainties lingering, participants are advised to stay agile, monitor policy shifts, and remain prepared for further volatility. As always, strategic decision-making will be essential in navigating these dynamic market conditions.

💬 What’s your outlook on the nickel and stainless steel market this week? Share your thoughts below!