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Spot quotations stood high amid low inventories, downstream demand likely to rebound due to work resumption
Mar 2,2021 13:52CST
SMM InsightData Analysis
Source:SMM
Nickel futures prices rose significantly last week and then fell to around 140,000 yuan/mt on February 26, and the spot transactions rebounded. Currently, the downstream industries of refined nickel have fully resumed work, and the orders from alloy casting enterprises are relatively stable as they had restocked before CNY and maintained production in holiday.
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