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LME nickel price pressured by re-outbreaking epidemic worry

25 Sep 2020 11:34 reported by Jordan Huang

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According to the market price on September 24th in the London Metal Exchange (LME), the nickel future price had decreased by US$169/ton, reached US$14,262/ton.

The main reason for the price-declining was caused by the worrying phenomenon from the re-outbreaking epidemic in the world.

Nevertheless, to prevent the worsening epidemic situation, more and more governments decided to implement the lockdown measures, which might hurt the global trading activities.

Based on that, some of the investors currently watch and see, and waiting for those uncertainty factors gone.

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