Shanghai Metal Market: Shanghai Nickel declines, trading remains decent

K-LinePoet · 2026-04-11T17:28:21+00:00

Today, Shanghai nickel fluctuated and fell, with short-term selling pressure continuing to expand. Spot prices followed with a modest increase, but to secure quick trades, some traders still sold at relatively low premiums. Trading conditions are mixed: some reports indicate a sharp increase in shipments, with users replenishing in large quantities, while others say there is little demand and shipments are not well received. Some views expect prices to remain mainly in a weak, range-bound trend for now; only after the market stabilizes will it stimulate purchasing interest, so in the short term the market will likely remain cautious and wait-and-see. Today, Jinchuan manufacturers, in line with market developments, lowered their ex-factory prices by 3,100 yuan per ton from the previous day. (Shanghai Metals Market)

K-LinePoet

2026-04-11 17:28:21

Today, Shanghai nickel saw price fluctuations and edged lower, and short-term selling pressure continued to expand. Spot prices followed the trend with a slight increase; however, to complete trades quickly, some traders continued to sell with a relatively low premium. Overall, trading conditions are mixed—some report that shipments have surged, users have been restocking in large volumes, while others say there is a lack of buyers. Some views expect prices to remain mostly in a choppy and weak trend; only after the market stabilizes will market purchasing intentions be more likely to be triggered, and in the near term, market participants will likely continue to take a wait-and-see approach. Today, Jinchuan manufacturers, in line with market developments, lowered their ex-factory prices by 3,100 yuan per ton compared with the day before. (Shanghai Metals Market)

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