SHFE 1507 Nickel Closes Higher at RMB 113,880/mt (May 11, 2015)

Published: May 11, 2015 17:24

Save

Last Friday evening, SHFE 1507 nickel started at RMB 111,810/mt and mainly hovered around the 5-day moving average.

Shanghai, May 11 (SMM) – Last Friday evening, SHFE 1507 nickel started at RMB 111,810/mt and mainly hovered around the 5-day moving average. The contract late rose slightly as bulls dominated the market, and finally finished at RMB 112,220/mt. Trading volumes totaled 356,000 lots, up 61,000 lots. Positions were up 4,424 to 123,000.

The July delivery nickel fell below the 5-day moving average to touch day’s low of RMB 111,060/mt after opening Monday trading session at RMB 112,440/mt. Then the contract surged with growing long positions to hit day’s high of RMB 111,430/mt and ended at RMB 113,880/mt. Trading volumes for SHFE nickel decreased 150,000 to 728,000 lots while positions jumped 9,498 to 128,000.

LME nickel should mainly move around USD 14,500/mt tonight.

SHFE NICKEL SHFE nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

Mar 13, 2026 18:46

[SMM Analysis] The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product

[SMM Analysis: The "Counter-Cyclical" Logic of Copper Smelting: When Sulfuric Acid Becomes the Main Product]

Mar 13, 2026 18:46

Mar 13, 2026 17:52

BC Copper 2604 Closed Lower with a Wide Trading Range, Pressured by Both Geopolitics and Interest Rate Cut Expectations [SMM BC Copper Commentary]

Mar 13, 2026 17:52

Mar 13, 2026 17:49

Inner Mongolia Approves 500 kV Project, Boosting Ordos City's Power Grid in 14th Five-Year Plan

Recently, the 500 kV transmission and transformation project of Jiri (Kusha II) was officially approved by the Energy Bureau of Inner Mongolia Autonomous Region, marking a good start for the power grid construction of Ordos City in the first year of the 14th Five-Year Plan. The project is located in the territory of Hangjin Banner, with a total investment of 1.52554 billion yuan. It is a key hub project to ensure the output and consumption of new energy power in the northwestern region of Hangjin Banner. The project plans to build one 500 kV substation and about 194 km of 500 k V lines, which will pass through Hangjin Banner and Dalad Banner.

Mar 13, 2026 17:49