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During Wednesday trading session, SHFE nickel advanced RMB 78,870/mt at one point after starting at RMB 78,240/mt. Nonetheless, in the afternoon business, the contract retreated earlier gains due to a modest fall in Chinese stock market, exit of longs and softening market confidence, to close at RMB 77,790/mt, up 2.1%. Trading volumes jumped 658,000 to 1.25 million lots but positions decreased 11,202 to 238,000.
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