SHANGHAI, Jan. 5 (SMM) – SHFE 1605 nickel opened Monday night session at RMB 69,200/mt and then hovered between RMB 68,900-69,300/mt. The contract fell back before ending at RMB 68,710/mt.
SHFE 1605 nickel started at RMB 68,720/mt during Tuesday trading session and increased due to stock piling in Chinese copper market, to end at RMB 69,510/mt. Trading volumes were up 189 to 766,000 lots while positions decreased 3,816 to 425,000.
SHFE 1605 nickel should grow further this evening.