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.