SMM Nickle Market Morning Comment (Mar 5)

Published: Mar 5, 2024 09:56

Source: SMM

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Overnight, the most-traded SHFE nickel contract opened at 135,500 yuan/mt, and closed at 136,620 yuan/mt, down 450 yuan/mt.

Overnight, the most-traded SHFE nickel contract opened at 135,500 yuan/mt, and closed at 136,620 yuan/mt, down 450 yuan/mt. Trading volume rose 54,103 lots, and open interest decreased by 1,575 lots. Sharply growing nickel stocks in China and overseas weighed down nickel prices yesterday.

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