Shanghai Metal Market: Shanghai Nickel fluctuates upward, market conditions are relatively weak

Today, Shanghai nickel prices fluctuated and climbed, with the upward momentum expanding. Spot prices slightly declined in line with the market. As downstream companies gradually exit the market, there are currently few sellers. Although a small number of traders have lowered their prices, the market remains quiet with few transactions. It is expected that there will be no trading activity in the next two working days. Today, Jiangnan manufacturers adjusted their ex-factory prices significantly higher by 3,900 yuan/ton in response to market developments. (SHMET)

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