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SHANGHAI, May 3 (SMM) – Positive news that domestic NPI smelters will slash output has been absorbed. It was reported one large domestic stainless steel plant may restart. LME nickel will consolidate in narrow range today, and SHFE 1709 nickel should hover between RMB 79,000-80,500/mt, with spot prices between RMB 78,200-80,000/mt.
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