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SHFE Nickel Closes Higher (2017-2-14)
Feb 14, 2017 17:31Source:SMM
SHFE 1705 nickel opened at RMB 89,140/mt and finally closed at RMB 90,260/mt.
SHANGHAI, Feb. 14 (SMM) – On Tuesday, SHFE 1705 nickel opened at RMB 89,140/mt and then dropped to RMB 88,750/mt. The contract later rallied to above the moving average. During the afternoon trading, SHFE 1705 nickel remained strong and finally closed at RMB 90,260/mt. The Philippines Department of Environment and Natural Resources Ministry Minister insisted in closing mines, sending SHFE 1705 nickel to move above RMB 90,000/mt.
SHFE 1705 nickel is expected to stabilize above RMB 90,000/mt with positive factors.
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