SHFE Nickel Finishes Lower (2017-3-28)

Published: Mar 28, 2017 17:44

Save

SHFE 1705 nickel started at RMB 81,280/mt and closed at RMB 80,930/mt.

SHANGHAI, Mar. 28 (SMM) – On Tuesday, SHFE 1705 nickel started at RMB 81,280/mt and then dipped slightly. The contract later climbed to RMB 81,740/mt. During the afternoon trading, SHFE 1705 nickel declined to RMB 80,590/mt and then closed at RMB 80,930/mt. Trading volumes fell 158,000 tp 295,000 lots and position fell 26,000 to 377,000.

SHFE 1705 nickel will fluctuate at lows on Tuesday’s night trading with negative technical indicators.

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.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn

For more information on how to access our research reports, please contact:service.en@smm.cn

Related News

15 hours ago

Data: SHFE, DCE market movement (Mar 03)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 03 Mar , 2026

15 hours ago

【SMM Analysis】Indonesia Nickel Quotas: Will July Revisions Relieve the Smelter Supply Deficit?

15 hours ago

16 hours ago

[NPI Daily Review] The Market Was Mainly Driven by Restocking to Meet Immediate Needs; High-Grade NPI Prices Held Steady

[SMM Daily Review: The Market Was Mainly Driven by Rigid-Demand Restocking, and High-Grade NPI Prices Held Steady] News on March 3: The upstream sentiment factor for SMM high-grade NPI was 2.86, up 0.01 MoM, and the downstream sentiment factor for high-grade NPI was 1.29, up 0.01 MoM.

16 hours ago