SHFE Nickel Prices closed at RMB 95,410/mt (Apr. 20, 2015)

SHANGHAI, Apr. 20 (SMM) – SHFE 1507 nickel contract prices opened at RMB 95,980/mt last Friday evening, and touched as high as RMB 96,290/mt, then fluctuated between RMB 95,500-95,750/mt, and dipped to as low as RMB 95,450/mt. Both trading volumes nad positions decreased.

SHFE 1507 nickel contract prices opened at RMB 95,900/mt on Monday, then reached as high as RMB 96,550/mt, but lost around due to falling LME nickel prices to drop to RMB 95,200/mt, and closed at RMB 95,410/mt. Total positions decreased 10,874. SHFE 1507 nickel contract prices look set to fall further.