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Bloomberg reported that nickel dropped 0.5% to $16,885 on the London Metal Exchange on concerns that property curbs in China could negatively impact demand.
Bloomberg reported that nickel dropped 0.5% to $16,885 on the London Metal Exchange on concerns that property curbs in China could negatively impact demand.
As quoted in the market news:
Some banks in China have started to control the scale of loans for real estate development to coordinate with new property curbs, the China Securities Journal reported today. Guangdong province ordered the cities of Guangzhou and Shenzhen to set home price control targets for 2013 by the end of the March. The Shanghai Stock Exchange Composite Index fell by as much as 2 percent, the most since March 12.