SHFE Nickel Edges Up (April 25, 2016)

SHANGHAI, Apr. 25 (SMM) – SHFE 1609 nickel started at RMB 72,000/mt for night session last Friday and once grew to RMB 73,720/mt. Later, the contract fell to RMB 70,830/mt before ending at RMB 71,000/mt.

SHFE 1609 nickel opened at RMB 71,150/mt on Monday and ranged between RMB 71,300-71,750/mt, to close the day at RMB 72,050/mt, up by RMB 0.33%. Trading volumes dropped 209,000 to 1.25 million lots while positions grew 3,380 to 561,000.