Shanghai Metal Market: Shanghai Nickel Range Consolidation Continues the Slightly Bearish Trend

Today, Shanghai Nickel traded within a narrow range, with spot prices fluctuating slightly alongside the market. Currently, the market has limited selling volume, and short-term cautious sentiment continues; many are not eager to take on positions. Overall, terminal consumption still needs further improvement, with demand growth weaker than expected. Short-term inventory pressure remains, and increased consumption and time costs are required to reduce it. Today, Jinchuang manufacturers slightly lowered their ex-factory prices by 200 yuan/ton compared to the previous day, following market developments. (SHMET)

View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • Comment
  • Repost
  • Share
Comment
Add a comment
Add a comment
No comments
  • Pin