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SHFE nickel drops to 5-m low on supply increase

The most-traded nickel November contract on the Shanghai Futures Exchange plummeted for the fourth straight day, closing at Yuan 102,330/tonne ($15,048/t) at the close of the day-time trading on Wednesday, down by another Yuan 2,170/t over Tuesday’s settlement price, or a new low since April 12. 
The most-traded nickel November contract on the Shanghai Futures Exchange plummeted for the fourth straight day,closing at Yuan 102,330/tonne ($15,048/t) at the close of the day-time trading on Wednesday, down by another Yuan 2,170/tover Tuesday’s settlement price, or a new low since April 12. The three-month nickel buyer price on the

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