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SHFE 1705 nickel will test support at the 10-day moving average on Monday’s night trading.
SHFE 1701 nickel opened at RMB 85,000/mt and then dropped. During the afternoon trading, SHFE 1705 nickel dipped slightly to RMB 84,000/mt and finally closed at RMB 85,000/mt, up 1.46%. Positions rose 324 to 39,444 and trading volumes increased 348 to 1,356 lots. Settlement price of the contract was RMB 85,172/mt with delivery volumes at 19,722.
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