SHFE Nickel Edges up 0.92% (Sept. 2, 2015)-Shanghai Metals Market

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SHFE Nickel Edges up 0.92% (Sept. 2, 2015)

Price Review & Forecast 06:38:15PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – SHFE 1611 nickel started Tuesday evening session at RMB 76,000/mt and then moved higher to RMB 76,600/mt. However, the contract dipped to RMB 75,620/mt in response to tumbling crude oil prices before closing at RMB 75,720/mt.

SHFE 1601 nickel opened at RMB 75,720/mt and rolled back earlier gains later thanks to a growth in LME nickel and Chinese stock market, to finish at RMB 76,510/mt, edging up 0.92%. Trading volumes grew 16,954 to 476,000 lots while positions fell 8,430 to 209,000. 


SHFE Nickel Edges up 0.92% (Sept. 2, 2015)

Price Review & Forecast 06:38:15PM Sep 02, 2015 Source:SMM

SHANGHAI, Sept. 2 (SMM) – SHFE 1611 nickel started Tuesday evening session at RMB 76,000/mt and then moved higher to RMB 76,600/mt. However, the contract dipped to RMB 75,620/mt in response to tumbling crude oil prices before closing at RMB 75,720/mt.

SHFE 1601 nickel opened at RMB 75,720/mt and rolled back earlier gains later thanks to a growth in LME nickel and Chinese stock market, to finish at RMB 76,510/mt, edging up 0.92%. Trading volumes grew 16,954 to 476,000 lots while positions fell 8,430 to 209,000.