SHFE Nickel Trades Down (May 23, 2016)-Shanghai Metals Market

Hot Keywords

  • Zinc
  • Aluminium
  • Copper scrap
  • Copper
  • Nickel
  • price forecast
  • Market commentary
  • Lead
  • MMi Iron Ore Port Index
  • Evening comments
  • Alumina
  • Stainless steel
  • Futures movement
  • Steel
  • Morning comments

SHFE Nickel Trades Down (May 23, 2016)

Price Review & Forecast 04:25:00PM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – SHFE 1609 nickel started at RMB 68,530/mt for night trading last Friday and once fell to RMB 67,500/mt. The contract later ranged RMB 67,600-67,900/mt before closing at RMB 67,760/mt.

SHFE 1609 nickel opened at RMB 67,720/mt on Monday and then moved lower to RMB 66,720/mt in response to ferrous metals prices, before ending at RMB 67,180/mt, off 1.96%. Trading volumes were up 269,000 to 828,000 lots and positions were up 14,878 to 643,000.


Key Words:  SHFE nickel prices 

SHFE Nickel Trades Down (May 23, 2016)

Price Review & Forecast 04:25:00PM May 23, 2016 Source:SMM

SHANGHAI, May 23 (SMM) – SHFE 1609 nickel started at RMB 68,530/mt for night trading last Friday and once fell to RMB 67,500/mt. The contract later ranged RMB 67,600-67,900/mt before closing at RMB 67,760/mt.

SHFE 1609 nickel opened at RMB 67,720/mt on Monday and then moved lower to RMB 66,720/mt in response to ferrous metals prices, before ending at RMB 67,180/mt, off 1.96%. Trading volumes were up 269,000 to 828,000 lots and positions were up 14,878 to 643,000.


Key Words:  SHFE nickel prices