Nickel Market Sees Elevated Supply Prices, Gradual Increase in Demand and Slowly Rising Market Center

Published: Mar 12, 2026 14:33

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[SMM Nickel Flash] March 12 News: Supply side, upstream quotations remained at elevated levels. Demand side, transaction prices and indicative prices at most steel mills stayed below 1,100 yuan/nickel unit, but market activity recovered to some extent, and procurement volume gradually increased. Overall, the market price center was still moving upward slowly.

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