SHFE Nickel Hits Daily upside Limit (Jul. 10, 2015)

Jul 10, 2015 17:32

SHFE 1509 nickel opened higher at RMB 84,100/mt during Thursday evening session.

SHANGHAI, Jul. 10 (SMM) – SHFE 1509 nickel opened higher at RMB 84,100/mt during Thursday evening session and dived to RMB 82,950/mt. The contract rose to daily limit near the session’s end before closing at RMB 85,170/mt, up 5.00%.

The contract started at RMB 85,170/mt on Friday and fell to RMB 84,400/mt. Later, the price grew to daily limit but then dropped again with shorts gathering strength, to finish at RMB 84,570/mt, up 4.25%. Trading volumes fell 488,000 to 552,000 lots while positions were up 11,476 to 180,000.

LME nickel slipped during European and US trading hours due to rising shorts. SHFE 1509 nickel should fall slightly this evening.

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 Nickel Hits Daily upside Limit (Jul. 10, 2015)

SMM Events & Webinars

NET ZERO CHINA Field Trip

SMM Indonesia Seminar: Li-ion Battery & Energy Storage

2025 ASIA BATTERY MATERIAL COOPERATION SALON