[3.6 Morning Meeting Summary] Jinchuan brand nickel rose by 50 yuan compared to the previous trading day, mainly driven by favourable macro news.
From a technical perspective and market sentiment, the SHFE nickel 2504 contract fluctuated considerably after the opening. Despite being during the Two Sessions, as of the midday break, market trading remained sluggish, with participants generally adopting a wait-and-see approach, anticipating the latest updates from the Two Sessions. In the short term, favourable macro factors and the persistently bearish fundamentals are in a state of mutual contention.
