Shanghai Metal Market: Shanghai Nickel fluctuates within a narrow range, with trading still relatively subdued

K-LinePoet · 2026-04-02T04:07:40+00:00

Today, the Shanghai Nickel spot market experienced narrow fluctuations, currently showing a slight upward trend. Recently, overall trading activity has been mediocre, as demand growth remains weak and many downstream buyers are holding a wait-and-see attitude; it is reported that some traders are less willing to sell, reducing their quotes, while some are willing to accept deliveries. The overall inquiry atmosphere is relatively subdued. As geopolitical factors continue to influence price trends and domestic consumption growth remains sluggish, short-term market movements are expected to remain volatile. Today, the Jinchuan manufacturer adjusted its ex-factory price downward by 300 yuan/ton in response to market developments. (SHMET)

K-LinePoet

2026-04-02 04:07:40

Today, the沪镍 range has been trading in a narrow range with mild upside. Overall trading volume has been fairly average in recent days; due to weaker demand growth, many downstream participants are still taking a wait-and-see approach. It’s reported that some traders have lowered their willingness to sell, reduced their quotes, while some others are willing to take delivery, and overall inquiry sentiment is on the weak side. As geopolitical factors continue to affect the price trend, domestic consumption growth has slowed, and it’s expected that the short-term market will still mostly show choppy trading. Today, Jinchuan producers have adjusted their ex-factory prices downward by 300 yuan/ton compared with the previous day. (SHMET)

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