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Home / Metal News / SHFE Nickel Prices Up 0.07% (2017-3-7)

SHFE Nickel Prices Up 0.07% (2017-3-7)

Mar 7, 2017 17:39

Source:SMM

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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LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

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SHFE Nickel Prices Up 0.07% (2017-3-7)

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