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Disagreements between upstream and downstream in the nickel market, with the price center rising
From the supply side, upstream holders continue to raise their quotes, showing a clear willingness to support prices. From the demand side, some steel mills are replenishing inventory for immediate needs, and there are a few high-priced deals in the market. Overall, disagreements remain between the upstream and downstream of the market; with rigid support from supply and demand, as well as from costs, the market’s price center of gravity continues to maintain an upward trend. (Shanghai Nonferrous Metals Network)