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SHFE 1509 Nickel Plunges 2.12% on Rising Shorts (Jun. 15, 2015)
Jun 15, 2015 18:05Source:SMM
Last Friday evening session, the most trading SHFE 1509 nickel contract started at RMB 98,400/mt and hovered narrowly between RMB 98,000-99,000/mt.
SHANGHAI, Jun. 15 (SMM) – Last Friday evening session, the most trading SHFE 1509 nickel contract started at RMB 98,400/mt and hovered narrowly between RMB 98,000-99,000/mt, to end the session at RMB 98,600/mt, gaining 0.54%.
The contract opened at RMB 98,580/mt during Monday trading session and touched an intra-day low of RMB 97,400/mt responding to falling LME nickel, to close down 2.12% at RMB 97,580/mt. Trading volumes were down 171,000 to 315,000 lots with positions up 6,778 to 201,000.
SHFE 1509 nickel is expected to fall further this evening as LME nickel continued to fall during European trading hours.
nickel prices
SHFE 1509 nickel prices
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