Shanghai Metal Market: Shanghai Nickel Slightly Rises, Market Conditions Slightly Stagnant

Today, Shanghai nickel has slightly increased, and spot prices have adjusted downward accordingly. Traders maintain shipments, but the actual consumption willingness is insufficient; it is reported that some merchants are offering discounts for sales, with small transactions being completed, but overall activity is not as strong as before. In addition, some traders have reported that the premium for Jinchuan nickel in northern regions is slightly lower than that in East China today. Today, Jinchuan manufacturers have adjusted their factory prices upward by 1,100 yuan/ton in line with market developments. (SHMET)

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