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Market bearish sentiment eases, and cost support leads to a correction in high-nickel pig iron prices
From the supply side, futures have retreated compared to previous levels, and there is no longer any arbitrage selling behavior in the market. The low-price踩踏 behavior has diminished, and upstream quotes are gradually returning to normal supported by costs. From the demand side, before the holiday, downstream purchases are unlikely to be large-scale, and market activity remains subdued. Overall, the selling pressure has eased, and high-nickel pig iron prices have retreated. (Shanghai Nonferrous Metals Network)