SHFE Nickel Prices down 0.44% (2017-3-13)

Published: Mar 13, 2017 17:42

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SHFE 1705 nickel opened at RMB 82,650/mt and closed at RMB 84,070/mt, down 0.44%.

SHANGHAI, Mar. 13 (SMM) – On Monday, SHFE 1705 nickel opened at RMB 82,650/mt and then declined. The contract later surged to above the moving average and hovered at highs. During the afternoon trading, SHFE 1705 nickel climbed to RMB 84,250/mt and closed at RMB 84,070/mt, down 0.44%. Trading volumes increased 259,000 to 661,000 lots and positions dropped 1,302 to 489,000.

SHFE 1705 nickel is expected to trade at RMB 83,500-84,500/mt on Monday’s night trading.

SHFE nickel LME nickel nickel prices

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

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