SHFE Nickel Sees a Loss of 0.35% (Aug. 21, 2015)-Shanghai Metals Market

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SHFE Nickel Sees a Loss of 0.35% (Aug. 21, 2015)

Price Review & Forecast 04:09:56PM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 21 (SMM) – SHFE 1601 nickel started Thursday evening session at RMB 81,550/mt and then fell back. But later the contract railed slightly and ended at RMB 81,080/mt.

SHFE 1601 nickel dropped after opening at RMB 81,550/mt on Friday and then moved lower to RMB 80,300/mt responding to the growth in shorts and falling LME nickel. The contract closed the day at RMB 80,370/mt, off 0.35%. Trading volumes were down 67,882 to 312,000 lots but positions grew 10,540 to 187,000.

Price

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62% Fe Fines (Qingdao Port): IOPI62
Oct.17
713.0
-28.0
(-3.78%)
62% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
93.1
-3.9
(-3.98%)
58% Fe Fines (Qingdao Port): IOPI58
Oct.17
626.0
-9.0
(-1.42%)
58% Fe Fines (Qingdao Port, CFR Equiv.)
Oct.17
82.2
-1.3
(-1.55%)
65% Fe Fines (Qingdao Port): IOPI65
Oct.17
750.0
-28.0
(-3.60%)

SHFE Nickel Sees a Loss of 0.35% (Aug. 21, 2015)

Price Review & Forecast 04:09:56PM Aug 21, 2015 Source:SMM

SHANGHAI, Aug. 21 (SMM) – SHFE 1601 nickel started Thursday evening session at RMB 81,550/mt and then fell back. But later the contract railed slightly and ended at RMB 81,080/mt.

SHFE 1601 nickel dropped after opening at RMB 81,550/mt on Friday and then moved lower to RMB 80,300/mt responding to the growth in shorts and falling LME nickel. The contract closed the day at RMB 80,370/mt, off 0.35%. Trading volumes were down 67,882 to 312,000 lots but positions grew 10,540 to 187,000.