LME nickel holds steady as U.S. government shutdown ends amid persistent market caution
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Update time : 2025-11-14 15:01:49
The London Metal Exchange (LME) nickel futures price on October 12 remained flat at US$15,053/ton. LME-monitored inventories on the 12th fell sharply by 1,194 tons to 252,114 tons. Since the beginning of November, inventories have increased by a total of 12 tons, representing a 0.047% rise.
Base metals broadly strengthened following the end of the U.S. government shutdown, but China’s stainless steel prices moderated as steel mills kept purchases measured, while nickel prices stayed steady, supported by stable demand and a cautious market tone.
According to market participants, the nickel sector continues to face strong supply and weak demand, with abundant supply and high inventories influencing price movements. However, after the U.S. government shutdown ended, attention has shifted to the upcoming employment data. Expectations of a slightly higher likelihood of another Federal Reserve rate cut may lend support to a short-term trend of mildly firmer but still volatile nickel prices.
