SMM Nickel Market Morning Comment (Apr 17)

On Tuesday, the most-traded SHFE nickel contract opened at 138,250 yuan/mt, and closed at 134,540 yuan/mt, down 4,700 yuan/mt compared with the last trading day. Trading volume fell by 61,178 lots to 279,670 lots, and open interest decreased by 8,552 lots to 57,583 lots. The most-traded SHFE nickel contract fluctuated downward, with the lowest at 134,120 yuan/mt and the final decrease of 2.85%.