As reported by Reuters today, China may classify the Covid-19 virus threat as Category B starting in January, greatly improving sentiment toward the Chinese market. The good mood is also reflected in commodity exchanges, which are gaining strongly today. Industrial commodities, which are most closely tied to the Chinese market, are doing particularly well.
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Recall that Chinese authorities have already eased requirements for covid tests in Shanghai and Hangzhou this weekend.
Nickel futures quotes. D1 interval. Source: xStation 5
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