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SHFE Nickel Prices down 5.49% (2017-3-9)
Mar 9, 2017 17:16SHFE 1705 nickel opened at RMB 84,370/mt and closed at RMB 84,130/mt, down 5.49%.
SHANGHAI, Mar. 9 (SMM) – On Thursday, SHFE 1705 nickel opened at RMB 84,370/mt and then rallied slightly, up to as high as RMB 85,110/mt. Later, the contract dived to RMB 83,200/mt. During the afternoon trading, SHFE 1705 nickel fluctuated at lows and closed at RMB 84,130/mt, down 5.49%. Trading volumes were up 78,900 to 724,000 lots and positions were down 13,200 to 495,000. SHFE 1705 nickel declined below all the moving averages on Thursday with positions closing by longs.
The contract will be hard to rally on Thursday’s night trading and will remain weak.
SHFE nickel
LME nickel
nickel prices
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Related news
Summary of LME Nickel Trading Activity in June 2017
A monthly summary of LME Nickel trading activity for June this year is provided below.
Jul 14, 2017 20:31
SHFE Nickel Finishes Higher (2017-4-6)
SHFE 1709 nickel opened at RMB 86,560/mt and ended at RMB 86,440/mt, up RMB 740/mt or 0.86%.
Apr 6, 2017 17:40
SHFE Nickel Finishes Lower (2017-3-28)
SHFE 1705 nickel started at RMB 81,280/mt and closed at RMB 80,930/mt.
Mar 28, 2017 17:44
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
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
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