Core Viewpoint - The significant decline in Shanghai nickel futures is primarily influenced by news from Indonesia regarding nickel ore approvals for 2026, raising concerns about supply adjustments and market dynamics [2][8]. Group 1: Market Performance - Shanghai nickel futures experienced a sharp decline, with the main contract 2602 opening at 146,500 CNY/ton and dropping to a low of 133,800 CNY/ton, closing at 136,440 CNY/ton, reflecting a decrease of 6.14% [2][7]. - The trading volume decreased to 1,520,600 contracts, down 34.3% from the previous trading day, while open interest fell by 3.69% to 128,100 contracts [2][7]. Group 2: Influencing Factors - The decline in nickel prices was triggered by a press conference held by Indonesia's Ministry of Energy and Mineral Resources, where no specific figures were disclosed regarding the approval of nickel ore mining for 2026, leading to reduced expectations for nickel ore production capacity [2][8]. - Concerns about a potential oversupply in the nickel market were exacerbated by the increase in global refined nickel inventories, with both SHFE and LME stocks rising [8].
华泰期货：沪镍昨日急跌，原因找到了...
Xin Lang Cai Jing·2026-01-09 01:43