SHANGHAI, Feb. 17 (SMM) – On Friday, SHFE 1705 nickel opened at RMB 91,480/mt and then climbed to RMB 91,700/mt. Later, the contract fluctuated at around the moving average. During the afternoon trading, SHFE 1705 nickel declined to RMB 89,700/mt and finally closed at RMB 90,690/mt. Trading volumes and positions both dropped. Only SHFE 1705 nickel closed higher on Friday thanks to tight nickel ore supply.
SHFE 1705 nickel will drop slightly on Friday’s night trading with other falling metals.