SMM April 29th: On April 29th, the opening price of the main Shanghai nickel contract was 145,000 yuan/ton and the closing price was 142,850 yuan/ton, a decrease of 3,020 yuan/ton from the closing price of the previous trading day. Intraday trading increased from the previous trading day, with a trading volume of 291042 lots and an open interest of 100654 lots, an increase of 21,522 lots and an increase of 1,132 lots from the previous trading day. This combination indicates that both long and short positions are increased...

On April 29, the average price of SMM8-12% high nickel pig iron was 963.5 yuan/nickel point (ex-factory tax included), up 3.5 yuan/nickel point from the previous working day... SMM, April 29,

DCE iron ore futures fall today by 0.51%. The main contract I2409 closed at 874.5. some traders were negative to sell; Some steel mills tended to be wait-and-see, and purchasing enthusiasm is not high. today's overall market transaction atmosphere in general.

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on Apr 29, 2024

Nickel prices have remained strong recently, rising to a high of 148,270 yuan/mt and then falling back, but still above 140,000 yuan/mt.