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From the trading, the metal's positions continued to fall, indicating capital did not flow into the commodity market when the U.S. dollar fell, on the contrary, the will of profit-taking strengthened. It is expected that before the New Year, metal prices will remain the trend of slight fluctuation with a small decline affected by weak fundamentals, the depreciation of the dollar, the increase in stocks, funds profit-taking and other factors.
Nickel prices have experienced significant short positions, leaving a long upper shadow technically, tonight prices are expected to decline slightly, with closing prices around USD 9,500/mt.
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