SHANGHAI, Jun. 11 (SMM) – SHFE 1509 nickel reached RMB 102,000/mt after opening at RMB 101,850/mt Wednesday evening session. Then the contract fell backed to end up 0.15% at RMB 101,480/mt.
The contract started Wednesday trading session at RMB 101,400/mt and then touched an intra-day low of RMB 101,300/mt and high of RMB 101,930/mt, to close at RMB 101,500/mt, up 0.17%. Positions fell 8,862 to 202,000 and trading volumes slipped 74,678 to 324,000 lots.
LME nickel decreased during European trading hours. SHFE 1509 nickel may edge down tonight.