SHFE Nickel Closes Higher (2017-2-16)-Shanghai Metals Market

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SHFE Nickel Closes Higher (2017-2-16)

Price Review & Forecast 05:04:15PM Feb 16, 2017 Source:SMM

SHANGHAI, Feb. 16 (SMM) – On Thursday, SHFE 1705 nickel opened at RMB 90,150/mt and then advanced with positions opening by longs. During the afternoon trading, SHFE 1705 nickel climbed to RMB 92,000/mt. After a short fluctuation, the contract dived as ferrous metals dropped sharply with large amounts of positions closing by longs and closed at RMB 90,400/mt.

SHFE 1705 nickel will hover at highs on Thursday’s night trading.

 

Key Words:  SHFE nickel  LME nickel  nickel prices 

SHFE Nickel Closes Higher (2017-2-16)

Price Review & Forecast 05:04:15PM Feb 16, 2017 Source:SMM

SHANGHAI, Feb. 16 (SMM) – On Thursday, SHFE 1705 nickel opened at RMB 90,150/mt and then advanced with positions opening by longs. During the afternoon trading, SHFE 1705 nickel climbed to RMB 92,000/mt. After a short fluctuation, the contract dived as ferrous metals dropped sharply with large amounts of positions closing by longs and closed at RMB 90,400/mt.

SHFE 1705 nickel will hover at highs on Thursday’s night trading.

 

Key Words:  SHFE nickel  LME nickel  nickel prices