SHFE Nickel Prices Up 2.05% (2017-2-27)

Published: Feb 27, 2017 18:34

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SHFE 1705 nickel opened at RMB 90,410/mt and ended at RMB 90,700/mt, up 2.05%.

SHANGHAI, Feb. 27 (SMM) – On Monday, SHFE 7105 nickel opened at RMB 90,410/mt and then advanced to RMB 91,480/mt and fluctuated above all moving averages. During the afternoon trading, SHFE 1705 nickel ended at RMB 90,700/mt, up 2.05%. The contract found strong support at the 20-day moving average with rising trading volumes and falling positions.

SHFE 1705 nickel will stay firm on Monday’s night trading.

SHFE nickel LME nickel nickel prices

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