Metals News
SHFE 1507 Nickel up to Daily Limit (Apr. 27, 2015)
price review forecast
Apr 27,2015

SHANGHAI, Apr. 27 (SMM) – The most active SHFE 1507 nickel opened Friday’s evening session at RMB 98,000/mt and then lurched up to its daily limit at the tail of trading on weak US dollar and strong LME nickel, to close at RMB 101,490/mt, up 5%. Trading volumes climbed 112,000 to 179,678 lots and positions increased 9,408 to 123,224.

SHFE 1507 nickel opened at RMB 101,490/mt Monday morning and immediately increased to daily limit. Then the most active contract moved lower to RMB 100,810/mt on profit-taking. But then SHFE 1507 nickel climbed to daily limit again as more investors entered the market and  finally closed the day at RMB 101,490/mt. Trading volumes totaled 62,226 lots and total positions were 116,290.

The hit to daily upward limit by SHFE 1507 nickel indicated strong bulls. LME nickel hovered around the 40-day moving average and is expected to increase further.

nickel prices
For queries, please contact Frank LIU at
For more information on how to access our research reports, please email
Related Price

No Data