Shanghai Metal Market News: Today, the Shanghai nickel region is trading within a range, with little change from the previous session; currently, market shipments are mostly absorbed with few new supplies. This week, the overall market consumption level remains relatively low, and the fundamentals have not improved. The downstream stockpiling volume is generally not increasing much, and in the short term, the outlook for a significant boost in demand remains cautious. Additionally, domestic short-term supply pressure remains relatively strong, and whether consumption will improve in the future remains to be seen. Today, the Jinshan manufacturer continues to raise its ex-works price by 200 yuan/ton compared to the previous day, in line with market developments. (SHMET)

K-LinePoet

2026-04-23 10:01:51

Shanghai Metal Network News: Today, the Shanghai nickel market is trading within a range, with little change in the trend, and currently most market shipments are being absorbed with few new orders; this week, overall market consumption levels are relatively low, and the fundamentals have not improved, with downstream stockpiling not showing significant increases. In the short term, the outlook for a noticeable increase in demand remains cautious. Additionally, domestic short-term supply pressure remains relatively strong, and whether consumption will improve in the future remains to be seen. Today, the Jinshan manufacturer continued to raise its ex-works price by 200 yuan/ton in line with market developments, compared to the previous day. (SHMET)

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Shanghai Metal Market: Interval oscillation in Shanghai nickel zone, consumption remains sluggish

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