A post by @FirstSquawk on X.
Shanghai Nickel Futures Rally More Than 5%, With the Benchmark Contract Reaching 122,300 Yuan per Ton
@FirstSquawk on X
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Shanghai nickel futures jumped more than 5%, lifting the benchmark contract to 122,300 yuan per ton. The move marks one of the sharper single-session rallies in the base metals complex and signals renewed speculative and hedging interest in nickel. Traders will watch whether the gains hold through the session and whether London Metal Exchange nickel prices confirm the move.
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Shanghai Nickel Futures, First Squawk