SHANGHAI, Aug. 25 (SMM) – SHFE 1801 nickel opened at RMB 94,340/mt today and then fell to RMB 93,530/mt. In the afternoon, SHFE 1801 nickel rose to RMB 94,520/mt, and closed at RMB 94,280/mt, up RMB 410/mt or 0.44%. Trading volumes on SHFE 1801 nickel decreased 302,000 to 634,000 lots, and positions decreased 8,644 to 514,000. SHFE 1801 nickel will stay range-bound this evening. US durable goods orders in July will be released this evening.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

