SHFE Nickel Grows 0.81% (May 17, 2016)-Shanghai Metals Market

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SHFE Nickel Grows 0.81% (May 17, 2016)

Price Review & Forecast 04:59:16PM May 17, 2016 Source:SMM

SHANGHAI, May 17 (SMM) – SHFE 1609 nickel started at RMB 68,880/mt overnight and once advanced to RMB 69,640/mt. The contract ranged RMB 69,150-69,450/mt before closing at RMB 69,210/mt.

SHFE 1609 nickel opened at RMB 69,300/mt on Tuesday and then moved lower to RMB 68,670/mt. SHFE nickel later hovered between RMB 68,700-69,000/mt and traced ferrous metals prices up to RMB 69,530/mt before ending at RMB 69,410/mt, up 0.81%. Trading volumes were up 11,344 to 689,000 lots and positions grew 3,368 to 595,000.


Key Words:  SHFE nickel prices 

SHFE Nickel Grows 0.81% (May 17, 2016)

Price Review & Forecast 04:59:16PM May 17, 2016 Source:SMM

SHANGHAI, May 17 (SMM) – SHFE 1609 nickel started at RMB 68,880/mt overnight and once advanced to RMB 69,640/mt. The contract ranged RMB 69,150-69,450/mt before closing at RMB 69,210/mt.

SHFE 1609 nickel opened at RMB 69,300/mt on Tuesday and then moved lower to RMB 68,670/mt. SHFE nickel later hovered between RMB 68,700-69,000/mt and traced ferrous metals prices up to RMB 69,530/mt before ending at RMB 69,410/mt, up 0.81%. Trading volumes were up 11,344 to 689,000 lots and positions grew 3,368 to 595,000.


Key Words:  SHFE nickel prices