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Shanghai Metal Market: LME Nickel trades sideways at low levels, market sentiment remains subdued
Today, Shanghai nickel prices remained volatile at low levels. The spot market is tracking the current month, with the premium and discount overall slightly decreasing. Many traders are maintaining their asking prices for shipments, while overall downstream demand continues to be weak. Additionally, due to holiday factors, production has not yet fully resumed, so market conditions this week remain generally subdued. Today, the manufacturer Jin Chuan lowered their ex-works prices by another 1,800 yuan/ton in response to market developments. (SHMET)