On Thursday, the most-traded SHFE nickel contract opened at 143,000 yuan/mt, and closed at 143,820 yuan/mt, up 830 yuan/mt compared with the last trading day. Trading volume fell by 37,718 lots to 269,417 lots, and open interest increased by 3,246 lots to 96,926 lots. The most-traded SHFE nickel contract fluctuated downward after opening but rose in the afternoon, with the lowest at 141,070 yuan/mt and a final increase of 1.7%.
![[SMM Analysis] Demanda de compra externa downstream fraca; preços do sal de níquel caíram esta semana](https://imgqn.smm.cn/usercenter/KFwsY20251217171734.jpg)
![[SMM Análise do Meio-Dia do Níquel] Os preços do níquel tiveram uma recuperação significativa em 3 de setembro. Os dados de emprego ADP dos EUA em agosto vieram surpreendentemente fracos, esfriando levemente as apostas em um aumento de juros em setembro.](https://imgqn.smm.cn/usercenter/qLeLR20251217171733.jpg)

