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Top News In High Nickel Matte Today - Breaking & Trending Today

Spot market is coming to an end due to the rhythm of downstream stocking, and the trading sentiment of the nickel spot market has cooled down

On February 6, the main contract of Shanghai nickel opened at 124,860 yuan/ton and closed at 124,960 yuan/ton, up by 100 yuan/ton from the previous trading day's closing price. Intraday trading was weaker compared to the previous trading day, with an increase of 70,399 lots in trading volume and a decrease of 3,598 lots in open interest. This combination indicates a strong wait-and-see atmosphere for both long and short positions, with both sides reducing trading activity. The decrease in open interest coupled with the price increase indicates that the short positions in the futures market are surrendering and starting to actively cover shorts (i.e., buying to hedge), pushing prices higher. Although the short positions are actively covering, they are relatively rational and not urgent, seeking ideal prices. Therefore, prices are expected to rise slowly, and there is a high probability of sustained upward movement. ....

Federal Reserve , Spring Festival , Pig Iron , High Nickel Matte , Market Review , New Energy ,

Economical Comparison between MHP with High Nickel Matte_SMM | Shanghai Non ferrous Metals

High nickel matte will increase the volume fast, and MHP will increase the volume fast as well in the future ....

New Caledonia , Nickel Research , High Nickel , High Nickel Matte ,