SHFE Nickel Strengthens (2017-3-31)

Published: Mar 31, 2017 19:52

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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.

SHFE nickel LME nickel nickel prices

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