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Shanghai Metal Market: LME Nickel consolidating at low levels, downstream stockpiling nearly complete
Today, Shanghai nickel prices are fluctuating at low levels, with the market showing a weak trend. Spot prices are slightly rising in line with the market. Today, Jinchuan nickel premium once again surpasses 10,000 yuan/ton. Currently, market inquiry activity is moderate, and some intermediaries still have transactions. It is understood that most downstream companies have already completed their stockpiling and are expected to enter holiday mode early next week. Today, Jinchuan manufacturers continue to lower their ex-factory prices by 4,600 yuan/ton in response to market developments. (SHMET)