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SHFE Nickel Sees Big Falls (Mar. 21, 2016)
Mar 21,2016 17:00
CSTprice review forecast
Source:SMM
SHFE 1605 nickel started at RMB 69,750/mt last Friday night.
SHANGHAI, Mar. 21 (SMM) – SHFE 1605 nickel started at RMB 69,750/mt last Friday night and fell back to RMB 67,810/mt due to growing shorts and regulating policies in Chinese property market after touching RMB 70,000/mt, to close at RMB 67,860/mt.
SHFE nickel opened Monday trading session at RMB 67,940/mt and rallied to RMB 69,030/mt with exit of shorts, to end at RMB 68,090/mt, off 2.53%. Trading volumes grew 296,000 to 841,000 lots and positions increased 16,184 to 439,000.
SHFE nickel prices
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