SHFE Nickel Strengthens (2017-3-31)

Published: Mar 31, 2017 19:52

Save

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

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

20 hours ago

[SMM Analysis] Influenced by macro sentiment, MHP and high-grade nickel matte prices declined this week.

Affected by macro sentiment, MHP and high-grade nickel matte prices declined this week.

20 hours ago

21 hours ago

[SMM Analysis] The market experienced panic selling this week, and nickel prices plummeted.

21 hours ago

Data: SHFE, DCE market movement (Feb 06)

The following table shows the ferrous and nonferrous metals movement on the SHFE and DCE on 06 Feb , 2026

21 hours ago