SHFE 1509 Nickel Hits a downward Limit (Jun. 30, 2015)

Jun 30, 2015 17:17

Source:SMM

The most active SHFE 1509 nickel opened lower at RMB 88,880/mt Monday evening and followed LME nickel to drop, to close at RMB 87,770/mt, down 2.87%.

SHANGHAI, Jun. 30 (SMM) – The most active SHFE 1509 nickel opened lower at RMB 88,880/mt Monday evening and followed LME nickel to drop, to close at RMB 87,770/mt, down 2.87%.

The contract immediately fell to a daily limit after starting Tuesday trading session at RMB 87,580/mt as Russian nickel was announce to become deliverable brand on the SHFE and as Greek failed to pay debts to IMF today. The metal moved between RMB 87,330-87,700/mt and ended the day at RMB 87,330/mt. Trading volumes fell 237,000 to 121,000 lots and positions dropped 2,938 to 235,000.

Decline in LME nickel turned to slow during European and US trading hours. SHFE 1509 nickel is expected to fall further this evening.

SHFE nickel prices

nickel prices

For queries, please contact Michael Jiang at michaeljiang@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 Hits a downward Limit (Jun. 30, 2015)

SMM Events & Webinars

NET ZERO EUROPE - Solar & Energy Storage Summit

2nd Li-ion Battery Europe 2024

2024 Global Renewable Metal Industry Chain Summit