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Nickel prices supported by macro sentiment, forward surplus and short-term stable consumption is expected
Apr 13,2021 10:35CST
SMM Insight
Source:SMM
Nickel prices started to trend upward last week after the sideways fluctuation for most of March. The price increase was driven by macro sentiment. The decline in yields of 10-year US Treasury dragged down the US dollar to a two-week low, which promoted the overall price rise of non-ferrous metals.
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