Shanghai Metal Market: Shanghai Nickel fluctuates downward with no improvement in trading volume

Today, Shanghai nickel is fluctuating and declining, with small adjustments following the trend. At present, users are only maintaining small-scale just-needed purchases to meet demand. Overall market activity is not high. As domestic supply continues to remain loose, some merchants still face certain pressure when selling. Many participants hold cautious views, and there is a time lag between market expectations and changes in the fundamentals. Today, Jinchuan factory pricing, in line with market developments, continued to cut the ex-factory price by 1,400 yuan/ton compared with the previous day. (SHMET)

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