Nickel futures prices surged to over 7,000 yuan per ton on Thursday, extending a 30-day winning streak of more than 2,000 yuan per ton, shocking industrial buyers. 304 stainless steel futures rose as much as 500 yuan during the session, and spot prices also soared further as traders rushed to close out positions. Early orders have locked in substantial profits amid the price frenzy. Market analysts warned that while the current rally remains strong, investors should closely monitor for a potential price correction triggered by profit-taking.