SHFE 1509 Nickel Price down 2.53% to RMB 95,700/mt (Jun. 16, 2015)

Jun 16, 2015 17:48

SHFE 1509 nickel started at RMB 97,400/mt during evening session Monday and then resisted to fall further thanks to rebounding LME nickel caused by weaker dollar.

SHANGHAI, Jun. 16 (SMM) – SHFE 1509 nickel started at RMB 97,400/mt during evening session Monday and then resisted to fall further thanks to rebounding LME nickel caused by weaker dollar, to close at RMB 97,880/mt, rising 0.31%.

The contract opened Tuesday trading session at RMB 97,910/mt and tumbled to RMB 95,340/mt with most base metals dropping, to finish down 2.53% at RMB 95,700/mt due to plunging LME nickel and shorts’ gathering strength. Trading volumes surged 71,312 to 386,000 lots with positions up 7,296 to 214,000.

SHFE 1509 nickel may fall below RMB 95,000/mt this evening. LME nickel hovered at low and failed to rebound during European and US trading hours.

nickel prices

SHFE nickel prices

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

For queries, please contact Lemon Zhao at lemonzhao@smm.cn

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

Privacy Policy Compliance Centre SMM Credit Service Contact Us About Us Terms & Conditions Sitemap Holiday Pricing Schedule

Notice: By accessing this site you agree that you will not copy or reproduce any part of its contents (including, but not limited to, single prices, graphs or news content) in any form or for any purpose whatsoever without the prior written consent of the publisher.

SHFE 1509 Nickel Price down 2.53% to RMB 95,700/mt (Jun. 16, 2015)

SMM Events & Webinars

NET ZERO CHINA Field Trip

2025 ASIA BATTERY MATERIAL COOPERATION SALON

SMM LME Metals Seminar 2025