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In the Shanghai nickel spot market, spot prices slipped sharply along with Wednesday’s LME nickel price tumble. Mainstream traded prices of nickel from Russia were in the RMB 177,000-177,300/mt range, with some deals also made between RMB 176,500-177,000/mt, and mainstream traded prices of nickel from Jinchuan Group were in the RMB 175,500-178,000/mt range, with some deals also made around RMB 177,300/mt. Generally speaking, transactions at high-end prices were limited, while transactions at low-end prices were moderate. Market sentiment was bearish. An increasing number of market players began to adopt a wait-and-see attitude, with cautious transactions reported.
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