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Shanghai Metal Market: LME Nickel Rises, Market Conditions Turn Weak
Today, Shanghai nickel rebounded after falling, with spot prices remaining steady. Jinchuang Nickel’s premium continued to rise, but the market showed no obvious signs of growth. Traders reported difficulties in shipping, and downstream procurement was not active. Aside from some immediate demand coverage, overall market activity was generally weak. Today, Jinchuang manufacturer prices were further increased by 2,100 yuan/ton compared to the previous day in line with market developments. (SHMET)