SHANGHAI, Jan. 24 (SMM) – On Tuesday, SHFE 1705 nickel started at RMB 82,270/mt and climbed to RMB 82,930/mt. During the afternoon trading, SHFE 1705 nickel dropped to RMB 82,190/mt and closed at RMB 82,430/mt, down 0.16%. Trading volumes reduced 36,000 to 427,000 lots and positions rose 25,000 to 707,000.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

