Home / Metal News / Copper / SHFE Nickel Sees a Rise of 2.23% (Jul. 9, 2015)
SHFE Nickel Sees a Rise of 2.23% (Jul. 9, 2015)
Jul 9,2015 17:37CST
price review forecast
Source:SMM
SHFE 1509 nickel started at RMB 75,230/mt during Wednesday evening session.

SHANGHAI, Jul. 9 (SMM) – SHFE 1509 nickel started at RMB 75,230/mt during Wednesday evening session and ended at RMB 80,130/mt with the high-end price at RMB 81,590/mt. Positions plunged 16,286 to 174,000.

The contract started Thursday trading session at RMB 80,020/mt and touched a high of RMB 86,050/mt as China’s three major stocks hit daily upside limit on Thursday, strengthening market confidence. The price ended the day at RMB 83,600/mt, up 2.23%. Trading volumes were up 1,016,000 to 1,041,000 lots while positions fell 21,428 to 169,000.

SHFE nickel should increase further this evening with recovering market confidence.

SHFE nickel prices

For queries, please contact Frank LIU at liuxiaolei@smm.cn

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

Related news