SMM Nickel Market Morning Comment (May 7)

Published: May 7, 2024 09:59

Source: SMM

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On May 6, the most-traded SHFE nickel contract opened at 143,530 yuan/mt, and closed at 145,040 yuan/mt, up 1,900 yuan/mt compared with the last trading day.

On May 6, the most-traded SHFE nickel contract opened at 143,530 yuan/mt, and closed at 145,040 yuan/mt, up 1,900 yuan/mt compared with the last trading day. Trading volume fell by 148,260 lots to 122,479 lots, and open interest decreased by 3,801 lots to 91,765 lots. The most-traded SHFE nickel contract fell rapidly to the lowest at 142,500 yuan/mt in a short period of time after opening and then rebounded. In the afternoon, it fluctuated at a relatively stable range, with a final increase of 0.76%.

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