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SHFE nickel down 2.4% on escalating Sino-US trade friction

The most-traded nickel November contract on the Shanghai Futures Exchange (SHFE) dropped the steepest among all the base metals, down Yuan 2,670/tonne ($393/t) or 2.4% over Wednesday’s settlement price to Yuan 109,380/t on August 23, as the latest escalation of the Sino-US trade friction trembled the market.
The most-traded nickel November contract on the Shanghai Futures Exchange (SHFE) dropped the steepest among all the base metals, down Yuan 2,670/tonne ($393/t) or 2.4% over Wednesday’s settlement price to Yuan 109,380/t on August 23, as the latest escalation of the Sino-US trade friction trembled the market. The US government has

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