SHFE Nickel Closes up (Jun. 15, 2016)

Published: Jun 15, 2016 17:11

Save

Overnight, SHFE 1609 nickel started at RMB 70,220/mt and ended at RMB 70,460/mt.

SHANGHAI, Jun. 15 (SMM) – Overnight, SHFE 1609 nickel started at RMB 70,220/mt and ended at RMB 70,460/mt.

SHFE 1609 nickel started at RMB 70,400/mt on Wednesday and advanced to RMB 71,300/mt, to close at RMB 71,240/mt, gaining 1.25%. Trading volumes increased 179,000 to 569,000 lots and positions were up 10,460 to 599,000.

Today is the last trading day for SHFE 1606 nickel with traded prices at RMB 70,000/mt. Settlement prices were up 1.04%. Positions grew 36 to 1,464 with trading volumes up 24 to 264. A total of 732 mt was delivered.

SHFE nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM's internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or for more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

20 mins ago

SMM Adds Lead Concentrates Copper, Zinc, Gold Sub-Item Payable Indicators [SMM Analysis]

[Pricing System Upgraded Again! SMM Adds Payable Indicators for Copper, Zinc, and Gold in Lead Concentrates] Lead concentrates are typical polymetallic ores. In addition to the main metal lead, they generally contain valuable elements such as silver, gold, zinc, and copper.

20 mins ago

37 mins ago

Downstream Enterprises’ Purchase Willingness Improved; Secondary Lead Finished Product Inventories Were Drawn Down This Week [SMM Secondary Lead Inventory Weekly Review]

37 mins ago

1 hour ago

Pricing System Upgraded Again! SMM Adds Separate Payable Indicators for Copper, Zinc, and Gold in Lead Concentrates [SMM Analysis]

[Pricing System Upgraded Again! SMM Adds Payable Indicators for Copper, Zinc, and Gold in Lead Concentrates] Lead concentrates are a typical polymetallic ore, and in addition to the primary metal lead, they commonly contain valuable associated elements such as silver, gold, zinc, and copper. SMM’s payable indicator for silver in lead concentrates has been quoted for many years. Based on the industry chain’s long-term demand for greater pricing transparency of associated metals, SMM has officially launched payable indicators for copper, zinc, and gold contained in lead concentrates, further improving the comprehensive pricing system for lead concentrates.

1 hour ago