SMM Nickel Market Morning Comment (Apr 26)

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%.