SHFE Nickel Closes with Losses (May 6, 2016)-Shanghai Metals Market

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SHFE Nickel Closes with Losses (May 6, 2016)

Price Review & Forecast 04:56:35PM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) – SHFE 1609 nickel started at RMB 73,460/mt overnight and sank to RMB 69,950/mt responding to LME nickel and ended at RMB 70,550/mt.

SHFE nickel opened at RMB 70,620/mt on Friday and then ranged RMB 70,300-71,200/mt, to end the day 3.70% lower at RMB 70,700/mt. Trading volumes were up 442,000 to 1.41 million lots and positions fell 35,012 to 579,000.

 


Key Words:  SHFE nickel prices 

SHFE Nickel Closes with Losses (May 6, 2016)

Price Review & Forecast 04:56:35PM May 06, 2016 Source:SMM

SHANGHAI, May 6 (SMM) – SHFE 1609 nickel started at RMB 73,460/mt overnight and sank to RMB 69,950/mt responding to LME nickel and ended at RMB 70,550/mt.

SHFE nickel opened at RMB 70,620/mt on Friday and then ranged RMB 70,300-71,200/mt, to end the day 3.70% lower at RMB 70,700/mt. Trading volumes were up 442,000 to 1.41 million lots and positions fell 35,012 to 579,000.

 


Key Words:  SHFE nickel prices