On March 8, Shanghai nickel futures continued the soaring mode. Shao Wanyi, senior researcher of Guotai Junan Securities Co.Ltd(601211) futures, said in an interview with the reporter of China Securities Journal that nickel itself is a small variety and is more likely to close positions. Looking forward to the future, we should return to rationality as a whole. At present, the fundamentals do not support excessive rise, and there will be a risk of decline in the future. For investors and enterprises, we should be cautious and not participate too much.