SHFE Nickel Prices down 2.58% with Shorts Entering Market (Sept. 1, 2015)-Shanghai Metals Market

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SHFE Nickel Prices down 2.58% with Shorts Entering Market (Sept. 1, 2015)

Price Review & Forecast 05:31:56PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – SHFE 1601 nickel started lower at RMB 76,460/mt for night trading Monday and closed at RMB 77,240/mt.

The most traded contract opened Tuesday trading session at RMB 77,160/mt and dropped below the 5-day moving average before ending at RMB 75,810/mt. Trading volumes fell 251,000 to 459,000 lots while positions grew 10,422 to 217,000. 


SHFE Nickel Prices down 2.58% with Shorts Entering Market (Sept. 1, 2015)

Price Review & Forecast 05:31:56PM Sep 01, 2015 Source:SMM

SHANGHAI, Sept. 1 (SMM) – SHFE 1601 nickel started lower at RMB 76,460/mt for night trading Monday and closed at RMB 77,240/mt.

The most traded contract opened Tuesday trading session at RMB 77,160/mt and dropped below the 5-day moving average before ending at RMB 75,810/mt. Trading volumes fell 251,000 to 459,000 lots while positions grew 10,422 to 217,000.