Shanghai Metal Network: Shanghai Nickel Falls, Trading Still Acceptable

K-LinePoet · 2026-03-18T05:13:06+00:00

Today, Shanghai nickel fluctuated downward, approaching the 60-day moving average support. Spot prices followed the market with modest changes, as price declines led to increased shipments, with overall market conditions performing reasonably well; however, some have reported that recent premiums remain relatively high, with traders mostly maintaining a take-as-needed, quick in-quick out operational model, while end users are largely making just-in-time purchases, and overall consumption needs further improvement. Today, Jinchuan producers adjusted their ex-factory prices significantly lower by 2,100 yuan/ton compared to the previous day, following market developments. (SHMET)

K-LinePoet

2026-03-18 05:13:06

Today, Shanghai nickel prices fluctuate downward, approaching the 60-day moving average support. Spot prices remain relatively stable with minor changes, prices have decreased, and shipment volume has increased accordingly. Overall market conditions are fair; however, some feedback indicates that the premium remains relatively high. Traders mostly maintain a just-in-time purchasing and selling approach, with most users sticking to essential procurement. Overall consumption needs further improvement. Today, Jiangnan manufacturer adjusted its ex-factory price significantly lower by 2,100 yuan/ton in response to market developments. (SHMET)

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