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SHFE Nickel Prices down 0.44% (2017-3-13)
Mar 13, 2017 17:42Source:SMM
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.
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