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Home / Metal News / SHFE Nickel Closes with Gains (2017-3-1)

SHFE Nickel Closes with Gains (2017-3-1)

Mar 1, 2017 17:07

Source:SMM

SHFE 1705 nickel opened at RMB 90,920/mt and ended at RMB 91,090/mt, up 0.19%

SHANGHAI, Mar. 1 (SMM) – On Wednesday, SHFE 1705 nickel opened at RMB 90,920/mt and then fluctuated. After Trump indicated on his first address to Congress that he will apply for USD 1 trillion on infrastructure construction, SHFE 1705 nickel advanced to RMB 91,260/mt. During the afternoon trading, SHFE 1705 nickel climbed up briefly and then fluctuated. The contract ended at RMB 91,090/mt, up 0.19%. Trading volumes increased while positions dropped.

SHFE 1705 nickel will hover at highs on Wednesday’s night trading with support at the 10-day moving average.

SHFE nickel

LME nickel

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LME nickel price hit a record high since 2015 on declining inventory, US sanctions against Russia and downstream demand from the new-energy vehicle industry, SMM believes.

Apr 19, 2018 10:58

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LME nickel price soars on low inventory, market panic and downstream demand

SHFE Nickel Finishes with Losses (2017-3-23)

SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.

Mar 23, 2017 17:12

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

LME Nickel to Move at Lows (2017-3-22)

LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.

Mar 22, 2017 10:03

SMM Comments

SHFE Nickel to Meet Pressure (2017-3-20)

LME nickel will meet strong pressure at the 10-day moving average on Monday and SHFE 1705 nickel will move at RMB 84,000-85,600/mt.

Mar 20, 2017 09:42

SMM Comments

LME Nickel to Find Support (2017-3-10)

LME nickel will find support at downside of Bollinger brand and SHFE 1705 nickel will move between RMB 83,600-85,200/mt on Friday.

Mar 10, 2017 09:56

SMM Comments

LME Nickel to Close with Losses (2016-12-19)

LME nickel will test support on Monday with resistance at moving averages and will move above USD 11,100/mt. SHFE 1705 nickel will range between RMB 93,800-95,600/mt on Monday.

Dec 19, 2016 10:17

SMM Comments

LME Nickel to Close with Losses (2016-12-19)

SHFE Nickel Prices Up 0.46% (2016-12-15)

SHFE 1705 nickel started at RMB 96,150/mt and finally closed at RMB 96,130/mt, up 0.46%.

Dec 15, 2016 16:50

SMM Comments

SHFE Nickel to Move Lower (2016-12-13)

SHFE 1705 nickel started at RMB 95,190/mt and finally ended at RMB 95,960/mt, down 0.18%.

Dec 13, 2016 17:08

SMM Comments

SHFE Nickel Prices down 0.41% (2016-12-2)

SFHE 1705 nickel started at RMB 92,880/mt and finally ended at RMB 92,430/mt, down 0.41%.

Dec 2, 2016 21:09

SMM Comments

LME Nickel to Move Higher (2016-12-1)

LME nickel will move higher on Thursday and SHFE 1701 nickel is expected to range between RMB 90,300-93,000/mt.

Dec 1, 2016 09:39

SMM Comments

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SHFE Nickel Closes with Gains (2017-3-1)

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2024 SMM Middle East Secondary Metal Field Trip

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2025 SMM (20th) Lead & Zinc Conference and Industry Expo