China base metals mixed on night session; nickel up 1.47%

The mixed night session highlights divergent momentum across base metals, with nickel's notable gain standing out amid otherwise modest moves. This suggests sector-specific factors may be driving nickel rather than broad macro sentiment, which appears subdued given the small absolute changes elsewhere. The divergence between nickel and tin, both often linked to supply-side narratives, could signal shifting expectations in those markets. For market watchers, the key question is whether nickel's strength reflects durable demand signals or a short-term positioning adjustment, and whether the overall rangebound tone persists in the absence of clearer directional catalysts.