9 August 2024 – Nickel prices in Asia rose by up to 2.5% in some cases on Friday. Nickel prices are also rising on the LME today. And after a significant improvement in sentiment on the US stock markets on Thursday, the Asian markets followed suit on Friday.
Asian nickel prices rose by up to 2.5% on Friday
Nickel futures on the Asian commodity exchange SHFE rose by 2.3% (ni2409) to 2.5% (ni2408) on Friday. Chinese spot market prices for nickel also improved by around 2.5%.
On the London Metal Exchange (LME), the nickel price rose by around 1.6% shortly after the start of trading.
US stock markets in a good mood, Asian stocks follow suit
After share prices on the US stock exchanges had already recorded gains on Thursday due to good labour market data, the Asian stock exchanges followed suit on Friday. The Nikkei 225, TOPIX, KOSPI and Hang Seng ended the trading day up by more than 1.3% in some cases. The Dow Jones Industrial Average rose by 1.8% on Thursday, the S&P 500 by 2.3% and the NASAQ Composite by as much as 2.9%.
The Stainless Espresso is taking a short break
The Stainless Espresso and the steelnews.biz team are taking a short summer break from 12 to 16 August 2024. We will be back fresh and hot from Monday 19 August with the latest issue.
During this period, the Gerber Group sales team will of course continue to be fully available for all enquiries relating to stainless steel and aluminium for all customers and those who would like to become one.
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We at the Gerber Group have been trading in stainless steel worldwide for over 20 years. We are your experts when it comes to purchasing, import, logistics and services. Information is a vital part of this. Because only then can you and we make the right decisions. Do you have any questions? Contact us now.
Disclaimer: Many things here represent our opinion. Others are information from the Internet. We can therefore never claim to be correct or complete. And never base a business decision solely on the news you receive from us.
