Shanghai Metal Network: Shanghai Nickel Prices Rise, Market Performance Remains Weak

K-LinePoet · 2026-03-24T20:28:59+00:00

Shanghai nickel oscillated upward today, with spot prices following with minimal changes. Some traders maintained shipments, but since downstream restocking demand is not particularly active, some merchants' quotations are also sluggish. The beginning-of-week effect is evident, and overall market feedback appears subdued, noticeably weaker than last week. Today, Jinchuan producers adjusted their ex-factory prices down by 400 yuan/ton following market developments. (SHMET)

K-LinePoet

2026-03-24 20:28:59

Today, Shanghai nickel prices fluctuate upward, with little change in spot market movements. Some traders are maintaining their shipments. Due to the current downstream stocking demand being relatively passive, some merchants are not actively quoting prices. The early-week effect is evident, and the overall market feedback is somewhat subdued, clearly weaker than last week. Today, Jinshan factory adjusted its ex-works price downward by 400 yuan/ton in line with market developments. (SHMET)

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