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Downstream purchase of nickel plates increased after prices falling below 130,000 yuan/mt, delivery of nickel briquette long-term orders suppressed recent demand
May 19,2021 11:50CST
SMM Insight
Source:SMM
Nickel prices kept falling from high levels last week. Downstream purchase of nickel plates increased after prices falling below 130,000 yuan/mt, and the transaction turned active. Mainstream quotations for nickel plates also trended higher to the flat level amid the sufficient supply of Russian nickel despite the limited arrivals.
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