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SHFE Nickel Prices down 2.29% (2017-1-12)
Jan 12, 2017 18:04Source:SMM
SHFE 1705 nickel opened at RMB 85,620/mt and finally closed at RMB 85,800/mt, down 2.29%.
SHANGHAI, Jan. 12 (SMM) – On Thursday, LME market didn’t open as usual due to fault. SHFE 1705 nickel opened at RMB 85,620/mt and then fluctuated narrowly. During the afternoon trading, SHFE 1705 nickel dipped to RMB 85,200/mt. LME market resumed trading at around 14:00. SHFE 1705 nickel finally closed at RMB 85,800/mt, down 2.29%. Trading volumes increased 120,000 to 533,000 lots and positions rose 33,000 to 577,000. SHFE 1705 nickel finally closed below the 10-day moving average on Thursday.
SHFE 1705 nickel will fluctuate at low and will not decline further on Thursday’s night trading with firm ferrous metals.
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