SHANGHAI, Mar. 10 (SMM) – SHFE 1605 nickel started at RMB 69,600/mt for night session Wednesday and closed the session at RMB 70,040/mt.
SHFE nickel opened Thursday trading session at RMB 69,900/mt and ranged between RMB 69,000-70,000/mt. The contract headed for losses in the afternoon business with shorts gathering strength, to end at RMB 68,930/mt, tumbling 0.51%. Trading volumes grew 46,882 to 1.23 million lots and positions were up 17,780 to 410,000.
SHFE 1605 nickel is expected to swing between RMB 68,000-70,000/mt tonight.