SHFE Nickel Prices up by 1.03% (Aug. 26, 2015)-Shanghai Metals Market

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SHFE Nickel Prices up by 1.03% (Aug. 26, 2015)

Price Review & Forecast 04:58:14PM Aug 26, 2015 Source:SMM

SHANGHAI, Aug. 26 (SMM) – The People’s Bank of China (PBOC) announced to cut the reserve requirement ratio (RRR) and lower key interest rates overnight. Thus, SHFE 1611 nickel gaped higher at RMB 75,750/mt and then moved lower before ending at RMB 75,900/mt.

The most traded contract once touched a low of RMB 74,200/mt after starting at RMB 75,500/mt on Wednesday. The contract finally finished the day at RMB 74,360/mt, gaining 1.03%. Trading volumes decreased 72,318 to 576,000 lots whereas positions were up 10,384 to 242,000. 


SHFE Nickel Prices up by 1.03% (Aug. 26, 2015)

Price Review & Forecast 04:58:14PM Aug 26, 2015 Source:SMM

SHANGHAI, Aug. 26 (SMM) – The People’s Bank of China (PBOC) announced to cut the reserve requirement ratio (RRR) and lower key interest rates overnight. Thus, SHFE 1611 nickel gaped higher at RMB 75,750/mt and then moved lower before ending at RMB 75,900/mt.

The most traded contract once touched a low of RMB 74,200/mt after starting at RMB 75,500/mt on Wednesday. The contract finally finished the day at RMB 74,360/mt, gaining 1.03%. Trading volumes decreased 72,318 to 576,000 lots whereas positions were up 10,384 to 242,000.