LIVE FUTURE REPORT 28/08: Nickel bucks uptrend among SHFE base metals

Base metals prices on the Shanghai Futures Exchange, apart from those for nickel and tin, trended upward during morning trading on Wednesday August 28 following the release of guidelines a day earlier to boost domestic consumption in China, amid the country’s trade spat with the United States.

The measures include finding ways to ease or gradually remove limits on car purchases and support the buying of new energy vehicles (NEV) in some regions in China, the State Council said on Tuesday. In addition, the risk appetite among investors also experienced some improvement amid an easing of tensions between the world’s...

Published

Huaqing Fu

August 28, 2019

05:55 GMT

Shanghai