SHFE Nickel Ends with Gains on Stockpiling News (Dec. 11, 2015)

Published: Dec 11, 2015 18:00

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SHFE 1601 nickel started Thursday night session lower at RMB 67,130/mt and closed the session at RMB 67,370/mt.

SHANGHAI, Dec. 11 (SMM) – SHFE 1601 nickel started Thursday night session lower at RMB 67,130/mt and closed the session at RMB 67,370/mt.

The most active contract opened Friday trading session at RMB 67,320/mt and then moved in a tighjt range of RMB 67,300-67,600/mt. Later, the contract headed for large gains due to stockpiling news and exit of shorts and closed at RMB 69,030/mt, up by 2.28%. Trading volumes reduced 63,726 to 725,000 lots and positions declined 12,932 to 258,000.

SHFE 1601 lead will grow further in short term with stockpiling news unconfirmed.

SHFE nickel prices Ni price nickel prices

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