SHFE Nickel Prices Trade up by 0.64% (Sept. 7, 2015)-Shanghai Metals Market

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SHFE Nickel Prices Trade up by 0.64% (Sept. 7, 2015)

Price Review & Forecast 05:28:38PM Sep 07, 2015 Source:SMM

SHANGHAI, Sept. 7 (SMM) – SHFE market was closed last Thursday and Friday on Beijing’s parade.

On Monday, SHFE 1601 nickel started at RMB 76,200/mt and then moved higher to the 5 and 7-day moving averages following a modest growth in LME nickel last week. The price ended the day at RMB 7,7000/mt, gaining 0.64%. Trading volumes decreased 182,000 to 293,000 lots but positions grew 842 to 210,000. 


Key Words:  SHFE nickel prices 

SHFE Nickel Prices Trade up by 0.64% (Sept. 7, 2015)

Price Review & Forecast 05:28:38PM Sep 07, 2015 Source:SMM

SHANGHAI, Sept. 7 (SMM) – SHFE market was closed last Thursday and Friday on Beijing’s parade.

On Monday, SHFE 1601 nickel started at RMB 76,200/mt and then moved higher to the 5 and 7-day moving averages following a modest growth in LME nickel last week. The price ended the day at RMB 7,7000/mt, gaining 0.64%. Trading volumes decreased 182,000 to 293,000 lots but positions grew 842 to 210,000. 


Key Words:  SHFE nickel prices