On Tuesday, the most-traded SHFE nickel contract opened at 144,110 yuan/mt, and closed at 140,970 yuan/mt, down 2,610 yuan/mt compared with the last trading day. Trading volume rose 43,260 lots to 472,233 lots, and open interest decreased 2,719 lots to 104,054 lots. The most-traded SHFE nickel contract fluctuated downward. It fell rapidly in a short period of time after opening, with the lowest at 140,800 yuan/mt and a final decrease of 2.67%.
![[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)

