SHFE Nickel Closes Lower (2017-1-25)-Shanghai Metals Market

Hot Keywords

  • Inventory data
  • Rare earths
  • Market commentary
  • Rare earth
  • Aluminium
  • Zinc
  • Copper
  • Macroeconomics
  • Sales data
  • Customs data
  • MMi Iron Ore Port Index
  • Iron ore
  • precious metals
  • Nickel
  • Futures movement

SHFE Nickel Closes Lower (2017-1-25)

Price Review & Forecast 05:10:04PM Jan 25, 2017 Source:SMM

SHANGHAI, Jan.25 (SMM) – On Wednesday, SHFE 1705 nickel started at RMB 82,500/mt and then fluctuated below the moving average. During the afternoon trading, SHEF 1705 nickel dipped to RMB 81,410/mt and finally closed at RMB 81,630/mt, down 0.05%. Trading volumes were down 19,700 to 407,000 lots and positions were up 10,500 to 718,000.

SHFE 1705 nickel will keep dropping due to shorts strengthening on Wednesday’s night trading.

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel Closes Lower (2017-1-25)

Price Review & Forecast 05:10:04PM Jan 25, 2017 Source:SMM

SHANGHAI, Jan.25 (SMM) – On Wednesday, SHFE 1705 nickel started at RMB 82,500/mt and then fluctuated below the moving average. During the afternoon trading, SHEF 1705 nickel dipped to RMB 81,410/mt and finally closed at RMB 81,630/mt, down 0.05%. Trading volumes were down 19,700 to 407,000 lots and positions were up 10,500 to 718,000.

SHFE 1705 nickel will keep dropping due to shorts strengthening on Wednesday’s night trading.

Key Words:  SHFE nickel  LME nickel  nickel prices