Overnight, the most-traded SHFE nickel contract opened at 133830 yuan/mt, and closed at 134210 yuan/mt, up 1480 yuan/mt. Trading volume rose 45791 lots, and open interest increased by 79748 lots. From a macro perspective, although RKAB’s review speed has been accelerated, there are still a large number of mining quotas that have not yet been approved. Therefore, SHFE nickel rose strongly yesterday. From a fundamental point of view, downstream companies held back amid high nickel prices while waiting for a more appropriate time to purchase.
![[SMM 분석] 하류 외부 구매 수요 약세, 니켈염 가격 이번 주 하락](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM 니켈 중간 리뷰] 니켈 가격은 9월 3일 크게 반등했다. 미국 8월 ADP 고용 데이터가 예상 밖으로 약세를 보이며 9월 금리 인상 가능성에 대한 기대가 다소 낮아졌다.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

