SHANGHAI, May 18 (SMM) – SHFE 1507 nickel opened lower at RMB 109,390/mt last Friday evening. The contract ended down 0.93% at RMB 109,180/mt after its fluctuating range narrowed. Trading volumes rose 86,832 to 334,000 lots and positions climbed 4,342 to 135,000 with shorts more than longs.
SHFE 1507 nickel started at RMB 109,170/mt on Monday and hovered widely between 108,550-109,300/mt, to finish the day at 108,610/mt, off 1.45%. Trading volumes dropped 65,196 to 544,000 lots and positions fell 9,404 to 121,000 as longs left market.