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SHFE Nickel Prices Up 0.07% (2017-3-7)
Mar 7, 2017 17:39 SHFE 1705 nickel opened at RMB 91,580/mt and ended at RMB 91,140/mt, up 0.07%.
SHANGHAI, Mar. 7 (SMM) – On Tuesday, SHFE 1705 nickel opened at RMB 91,580/mt and then fluctuated. During the afternoon trading, SHFE 1705 nickel declined slightly with falling ferrous metals, down as low as RMB 90,710/mt. The contract ended at RMB 91,140/mt, up 0.07%. Trading volumes reduced 153,000 to 349,000 lots and positions dropped 2,636 to 488,000.
SHFE 1705 nickel is expected to drop on Tuesday’s night trading and will find support at the 10-day moving average.
SHFE nickel
LME nickel
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SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.
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LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.
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SHFE 1705 nickel opened at RMB 85,100/mt and ended at RMB 84,450/mt, down 0.42%.
Mar 20, 2017 17:32
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