SHANGHAI, Dec. 25 (SMM) – SHFE 1605 nickel started at RMB 69,400/mt for night trading Thursday and then fell below RMB 70,000/mt. The contract moved between RMB 69,400-69,700/mt.
The most active contract opened Friday trading session at RMB 69,630/mt and later sank to RMB 68,970/mt with shorts entering market. LME was closed today. The contract rallies slightly before ending at RMB 69,130/mt, off 0.39%. Trading volumes reduced 136,000 to 681,000 lots while positions increased 25,720 to 447,000.