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SHFE Nickel Prices down 0.42% (2017-3-20)
Mar 20, 2017 17:32Source:SMM
SHFE 1705 nickel opened at RMB 85,100/mt and ended at RMB 84,450/mt, down 0.42%.
SHANGHAI, Mar. 20 (SMM) – On Monday, SHFE 1705 nickel opened at RMB 85,100/mt. Two mines of the Philippines’ DMCI are expected to resume operation, waning SHFE 1705 nickel. The contract advanced to RMB 85,530/mt briefly and then declined after touching the 10-day moving average. During the afternoon trading, SHFE 1705 nickel kept falling, down as low as RMB 84,310/mt, and ended at RMB 84,450/mt, down 0.42%. Trading volumes fell 38,000 to 347,000 lots and positions dropped 20,000 to 449,000.
SHFE 1705 nickel will remain weak on Monday’s night trading with negative technical indicators.
SHFE nickel
LME nickel
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