SHANGHAI, Jul.23 (SMM) – SHFE 1509 nickel started Wednesday evening session at RMB 85,300/mt and then moved between RMB 84,700-85,600/mt, to end at RMB 84,830/mt, down 0.46%. Positions grew 5,550 to 189,000.
The contract dipped to RMB 83,740/mt after opening at RMB 84,670/mt during Thursday morning session. In the afternoon, SHFE nickel followed LME nickel to move above RMB 85,000/mt, to close at RMB 84,410/mt, falling 0.95%. Trading volumes dropped 129,000 to 701,000 lots while positions grew 1,986 to 185,000.