SHFE Nickel Gains 1.18% (Sept. 11, 2015)-Shanghai Metals Market

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SHFE Nickel Gains 1.18% (Sept. 11, 2015)

Price Review & Forecast 05:52:02PM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11(SMM) – SHFE 1601 nickel followed LME nickel up to RMB 80,210/mt after starting Thursday evening session at RMB 79,400/mt, to close at RMB 79,180/mt.

On Friday, SHFE nickel opened at RMB 79,340/mt and once reached RMB 79,880/mt, to end at RMB 79,410/mt, gaining 1.18%. Trading volumes were up 373,000 to 1.42 million lots but positions declined 6,028 to 245,000.

Jinchuan Group will halt operation for maintenance and this will support nickel prices in near term. 


Key Words:  SHFE nickel prices 

SHFE Nickel Gains 1.18% (Sept. 11, 2015)

Price Review & Forecast 05:52:02PM Sep 11, 2015 Source:SMM

SHANGHAI, Sept. 11(SMM) – SHFE 1601 nickel followed LME nickel up to RMB 80,210/mt after starting Thursday evening session at RMB 79,400/mt, to close at RMB 79,180/mt.

On Friday, SHFE nickel opened at RMB 79,340/mt and once reached RMB 79,880/mt, to end at RMB 79,410/mt, gaining 1.18%. Trading volumes were up 373,000 to 1.42 million lots but positions declined 6,028 to 245,000.

Jinchuan Group will halt operation for maintenance and this will support nickel prices in near term. 


Key Words:  SHFE nickel prices