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SHFE Nickel Strengthens (2017-3-31)

iconMar 31, 2017 19:52
Source:SMM
SHFE 1709 nickel started at RMB 84,370/mt and closed at RMB 84,860/mt, up RMB 590/mt or 0.70%.

SHANGHAI, Mar. 31 (SMM) – On Friday, SHFE 1709 nickel started at RMB 84,370/mt. China’s official manufacturing PMI hit highest since April 2014 in March. SHFE 1705 nickel advanced to RMB 84,950/mt with entering of longs. During the afternoon trading, SHFE 1705 nickel climbed to RMB 85,070/mt and closed at RMB 84,860/mt, up RMB 590/mt or 0.70%. Trading volumes increased 43,000 to 209,000 lots and positions rose 18,000 to 346,000.

SHFE 1705 nickel will close on Friday’s night trading for Chinese Qingming Festival.

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