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EventsConsultingSHFE Nickel Prices off 3.43% (Dec. 8, 2015)
Dec 8,2015 17:32
CSTSMM Comments
Source:SMM
SHFE 1601 nickel started Monday night session at RMB 70,000/mt responding to dollar and crude oil prices and ended at RMB 68,650/mt.
SHANGHAI, Dec. 8 (SMM) – SHFE 1601 nickel started Monday night session at RMB 70,000/mt responding to dollar and crude oil prices and ended at RMB 68,650/mt.
The contract opened at RMB 68,630/mt for day trading Tuesday and moved at lows due to Chinese economic slowdown with poor reading of China’s import and export data, to end at RMB 68,170/mt, off 3.43%. Trading volumes fell 33,248 to 743,000 lots while positions grew 11,170 to 280,000.
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