SHANGHAI, Aug 31 (SMM) – The most-traded SHFE nickel contract opened at 164,950 yuan/mt at the night session on August 30, and closed at 165,800 yuan/mt, up 850 yuan/mt. Trading volume dropped by 26,950 lots, and open interest decreased by 679 lots.
From a macro perspective, buyers need to pay attention to the USADP employment data, which is expected at 195,000, and the previous value was 324,000. A lower ADP will be negative for the US dollar and good for commodities. In the fundamentals, spot market transactions were depressed. Some upstream companies were eager to ship at lower premiums, but the downstream inventory was still at a high level due to previous purchases, causing downstream demand to be muted. So, nickel prices are expected to fluctuate in the future.
![[SMM Tóm tắt cuộc họp buổi sáng về niken] Xác suất Fed Mỹ tăng lãi suất vào tháng 9 tăng lên 66,9%, hợp đồng niken SHFE được giao dịch nhiều nhất giảm nhẹ trong phiên giao dịch đầu ngày](https://imgqn.smm.cn/usercenter/CWsEw20251217171732.jpeg)
