SMM Nickel Market Morning Comment (Apr 19)

On Thursday, the most-traded SHFE nickel contract opened at 136,790 yuan/mt, and closed at 138,270 yuan/mt, up 2,170 yuan/mt compared with the last trading day. Trading volume fell by 24,327 lots to 160,258 lots, and open interest decreased by 1,597 lots to 53,384 lots. The most-traded SHFE nickel contract fluctuated upward after opening, and rose to the highest at the close, with the final increase of 1.96%.