SHFE 1701 Nickel Trades Down (2016-8-5)

Published: Aug 5, 2016 17:43

Save

SHFE 1701 nickel started at RMB 81,600/mt last night and ended at RMB 82,960/mt.

SHANGHAI, Aug. 5 (SMM) – SHFE 1701 nickel started at RMB 81,600/mt last night and ended at RMB 82,960/mt.

SHFE 1701 nickel opened at RMB 83,000/mt on Friday and met resistance at the 20-day moving average. In the afternoon business, the price grew to RMB 83,200/mt before closing 0.08% lower at RMB 82,970/mt. Trading volumes dropped 104,000 to 692,000 lots and positions rose 35,000 to 514,000.

SHFE 1701 nickel may move above RMB 82,00/mt tonight.

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 to learn 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

Feb 6, 2026 16:42

Terminal Performance "Uneven," Zinc Oxide Chinese New Year Break Up YoY

Feb 6, 2026 16:42

Feb 6, 2026 16:38

Dual Pressures Force Die-Casting Zinc Alloy Firms to Lengthen Chinese New Year Holidays

Approaching the 2026 Chinese New Year, SMM conducted communication and research on the pre-holiday break arrangements of domestic die-casting zinc alloy enterprises. This survey covered 20 enterprises, with a total annual capacity of 829,000 mt, involving a zinc consumption scale during the holiday period of approximately 45,548 mt.

Feb 6, 2026 16:38

Feb 6, 2026 16:14

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

Feb 6, 2026 16:14