SHFE 1509 Nickel Gains 1.77% (Jun. 8, 2015)

Published: Jun 8, 2015 16:54

Save

SHFE 1509 nickel started last Friday night at RMB 98,730/mt and soared to RMB 99,650/mt in response to growing LME nickel, to end the session up 1.13% at RMB 99,520/mt.

SHANGHAI, Jun. 8 (SMM) – SHFE 1509 nickel started last Friday night at RMB 98,730/mt and soared to RMB 99,650/mt in response to growing LME nickel, to end the session up 1.13% at RMB 99,520/mt.

The September-delivery nickel opened at RMB 99,520/mt during morning session Monday and advanced above RMB 100,000/mt following a rise in LME nickel, to finish the day at RMB 100,540/mt, growing 1.77%. Positions rose 13,950 to 217,000 with trading volumes up 144,000 to 494,000 lots.

SHFE 1509 nickel should edge below RMB 100,000/mt this evening with LME nickel falling during European trading hours.

nickel prices SHFE 1509 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