SHFE Nickel Prices Up 0.37% (2017-2-15)-Shanghai Metals Market

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SHFE Nickel Prices Up 0.37% (2017-2-15)

Price Review & Forecast 06:00:04PM Feb 15, 2017 Source:SMM

SHANGHAI, Feb. 15 (SMM) – On Wednesday, SHFE 1705 nickel opened at RMB 89,420/mt and then climbed slightly before fluctuating above the moving average. During the afternoon trading, the contract remained range-bound trading, up to as high as RMB 90,200. SHFE 1705 nickel finally closed at RMB 89,810/mt, up 0.37%. Trading volumes were up 173,000 to 585,000 lots and positions were down 8,400 to 612,000.

SHFE 1705 nickel is expected to test support at the 60-day moving average on Wednesday’s night trading. Attention should be on US’s January CPI and Federal Reserve Chairwoman Yellen’s speech.

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel Prices Up 0.37% (2017-2-15)

Price Review & Forecast 06:00:04PM Feb 15, 2017 Source:SMM

SHANGHAI, Feb. 15 (SMM) – On Wednesday, SHFE 1705 nickel opened at RMB 89,420/mt and then climbed slightly before fluctuating above the moving average. During the afternoon trading, the contract remained range-bound trading, up to as high as RMB 90,200. SHFE 1705 nickel finally closed at RMB 89,810/mt, up 0.37%. Trading volumes were up 173,000 to 585,000 lots and positions were down 8,400 to 612,000.

SHFE 1705 nickel is expected to test support at the 60-day moving average on Wednesday’s night trading. Attention should be on US’s January CPI and Federal Reserve Chairwoman Yellen’s speech.

Key Words:  SHFE nickel  LME nickel  nickel prices