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Shanghai Metal Market: Shanghai Nickel Prices Rise, Trading is Steady and Moderate
Today, Shanghai nickel prices fluctuated upward. Spot prices are generally in line with those before the New Year. On the first trading day after the holiday, market activity was moderate, with some traders inquiring about shipments. It is reported that some companies are replenishing stocks, but a full recovery is expected to take until early March. As Indonesia’s production reduction policy gradually advances this year, market bullish sentiment has increased. Today, Jinchuan manufacturers adjusted their ex-factory prices upward by 1,000 yuan/ton in response to market developments. (SHMET)