SHFE Nickel Lurch Higher on Rising LME Nickel (Apr. 24, 2015)

Apr 24, 2015 18:27

Source:SMM

On Friday, the contract started the day at RMB 96,590/mt, and then fluctuated around RMB 96,650/mt. Finally, SHFE 1507 nickel prices finished higher at RMB 97,900/mt, driven by rising LME nickel.

SHANGHAI, Apr. 24 (SMM) – SHFE 1507 nickel prices lurched higher after opening at RMB 95,840/mt on Thursday evening. The contract continued to rise at the tail of trading, and finally closed at RMB 96,590/mt, up 0.76%. Positions were up 1,374 to 112,020.

On Friday, the contract started the day at RMB 96,590/mt, and then fluctuated around RMB 96,650/mt. Finally, SHFE 1507 nickel prices finished higher at RMB 97,900/mt, driven by rising LME nickel. Trading volumes were up 17,268 lots to 67,724 lots, and positions were up 17,268 to 113,816. SHFE nickel prices are expected to continue rising.

SHFE nickel prices

LME nickel prices

nickel prices

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SHFE Nickel Lurch Higher on Rising LME Nickel (Apr. 24, 2015)

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