Shanghai Metal Market: Shanghai Nickel Rises, Trading Weakens

K-LinePoet · 2026-04-01T10:56:36+00:00

Today, Shanghai nickel prices are fluctuating at high levels. As the futures market rebounds, the spot prices have noticeably adjusted downward. At the end of the month, merchants are increasing cash conversions, with many actively offering discounts to sell, but overall trading activity remains subdued. Downstream buyers continue to purchase on demand and remain cautious. Due to the relatively ample supply, many are not in a rush to accept orders and are mostly observing. Today, Jinchuan manufacturers adjusted their ex-works prices upward by 1,000 yuan/ton in line with market developments. (SHMET)

K-LinePoet

2026-04-01 10:56:36

Today, Lunni nickel on the Shanghai market is fluctuating at high levels. As the futures market has rebounded, the spot-linked prices have clearly been cut; toward the end of the month, merchants are selling more to convert inventory into cash. Many are actively reducing prices to move goods, but overall trading has been rather dull. Downstream buyers are still purchasing as needed, staying cautious. Since available supply is fairly ample, many people are not in a hurry to place orders and are mostly watching from the sidelines. Today, Jinchuan’s producers, following the market trend, have raised their ex-factory prices by 1,000 yuan/ton compared with the day before. (SHMET)

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