Nickel Prices in the Chinese Market Continued to Fluctuate within a Narrow Range

On November 2, the spot nickel price dropped sharply, quoting 146,650 yuan/ton, a slight increase of 0.22% from the previous trading day, an increase of 14.45% from the beginning of the year, and a year-on-year increase of 23.76%.China’s demand concerns triggered a continuous decline in selling inventories, and LME nickel closed up 0.33% overnight. The…