SHANGHAI, January 12 (SMM) –
Overnight, the most-traded SHFE nickel contract opened at 124700 yuan/mt, and closed at 128970 yuan/mt, up 4050 yuan/mt. Trading volume rose 58198 lots, and open interest decreased by 5672 lots. From a macro perspective, we still need to pay attention to the U.S. non-seasonally adjusted CPI annual rate for December released on January 11 and the U.S. interest rate meeting on February 1. This will be the first interest rate meeting in 2024. LME nickel inventories increased by 288 mt yesterday, all of which came from Singapore warehouses. Nickel price is expected to move rangebound.
![[SMM Análisis de mediodía del níquel] Los precios del níquel repuntaron significativamente el 3 de septiembre. Los datos de empleo ADP de EE. UU. de agosto resultaron sorprendentemente débiles, lo que enfrió ligeramente las apuestas sobre una subida de tipos en septiembre.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

![[SMM Análisis diario del sulfato de níquel] El 3 de septiembre, el mercado spot registró escasas operaciones y los precios del sulfato de níquel se mantuvieron estables](https://imgqn.smm.cn/usercenter/Btmsv20251217171733.jpg)
