Snapshot: Nickel spot market in Shanghai

SHANGHAI, Mar 14 (SMM) – Norilsk nickel in the Shanghai market was offered at a discount of 500 yuan/mt against the Wuxi Stainless Steel Exchange 1804 contract on the morning of Wednesday March 14, while Jinchuan remained flat at 103,700 yuan/mt, SMM learned.

As nickel prices rose, traders sold actively while downstream customers held back. Overall trading was thin, and trades were heard at 103,050-103,700 yuan/mt in the morning.

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