SHFE Nickel Closes Higher (2016-11-25)-Shanghai Metals Market

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SHFE Nickel Closes Higher (2016-11-25)

Price Review & Forecast 08:47:00PM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – On Thursday’s night trading, SHFE 1701 nickel started at RMB 94,690/mt and then climbed to RMB 96,250/mt before fluctuating at around the moving average. The contract finally closed at RMB 95,160/mt.

On Friday, SHFE 1701 nickel opened at RMB 95,160/mt and then fell to RMB 93,750/mt before rebounding. During the afternoon trading, SHFE 1701 nickel ranged between RMB 94,800-95,500/mt and finally closed at RMB 95,200/mt, up 0.54%. Trading volumes fell 300,000 to 530,000 lots and positions dropped 30,000 to 290,000.

SHFE 1701 nickel will move at RMB 94,500-96,000/mt on Friday’s night trading with positive technical indicators.

Key Words:  SHFE nickel  LME nickel  nickel prices 

Price

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SMM #1 Nickel
Apr.19
100750.0
-850.0
(-0.84%)
#1 JinChuan Nickel
Apr.19
101550.0
-675.0
(-0.66%)
#1 Import Nickel
Apr.19
99950.0
-1025.0
(-1.02%)
JinChuan B&C
Apr.19
2500.0
300.0
(13.64%)
Russian nickel premium
Apr.19
875.0
-75.0
(-7.89%)

SHFE Nickel Closes Higher (2016-11-25)

Price Review & Forecast 08:47:00PM Nov 25, 2016 Source:SMM

SHANGHAI, Nov. 25 (SMM) – On Thursday’s night trading, SHFE 1701 nickel started at RMB 94,690/mt and then climbed to RMB 96,250/mt before fluctuating at around the moving average. The contract finally closed at RMB 95,160/mt.

On Friday, SHFE 1701 nickel opened at RMB 95,160/mt and then fell to RMB 93,750/mt before rebounding. During the afternoon trading, SHFE 1701 nickel ranged between RMB 94,800-95,500/mt and finally closed at RMB 95,200/mt, up 0.54%. Trading volumes fell 300,000 to 530,000 lots and positions dropped 30,000 to 290,000.

SHFE 1701 nickel will move at RMB 94,500-96,000/mt on Friday’s night trading with positive technical indicators.

Key Words:  SHFE nickel  LME nickel  nickel prices