Home / Metal News / Steel & Iron Ore / [Ni Price]SHFE Nickel Rallies to Gain 0.13% (Jul. 20, 2015)
[Ni Price]SHFE Nickel Rallies to Gain 0.13% (Jul. 20, 2015)
Jul 20,2015 17:24CST
price review forecast
Source:SMM
SHFE 1509 nickel moved between the 5 and 10-day moving averages after opening last Friday evening session lower at RMB 84,800/mt.

SHANGHAI, Jul. 20 (SMM) – SHFE 1509 nickel moved between the 5 and 10-day moving averages after opening last Friday evening session lower at RMB 84,800/mt. The price finally finished at RMB 85,600/mt, off 0.88%.

The most active contract started higher at RMB 85,100/mt during Monday trading session and reached RMB 85,650/mt. But later, the price touched a low of RMB 84,630/mt due to slipping gold and LME nickel prices. Iron ore rose to daily limit and SHFE nickel responded by rallying in the afternoon, to close at RMB 85,650/mt, gaining 0.13%. Trading volumes fell 14,818 to 575,000 lots but positions increased 6,212 to 189,000.

SHFE nickel prices
Ni price

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