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SHFE Nickel Prices Up 1.46% (2017-4-5)
Apr 5, 2017 16:58Source:SMM
SHFE 1709 nickel opened at RMB 84,600/mt and closed at RMB 86,000/mt, up RMB 1,240/mt or 1.46%.
SHANGHAI, Apr. 5 (SMM) – On Wednesday, SHFE 1709 nickel opened at RMB 84,600/mt and then fluctuated narrowly. During the afternoon trading, the contract advanced to RMB 86,470/mt as longs strengthened and then declined slightly. SHFE 1709 nickel closed at RMB 86,000/mt, up RMB 1,240/mt or 1.46%. Trading volumes fell 46,000 to 164,000 lots and positions rose 29,000 to 375,000.
SHFE 1705 nickel will hover at highs on Wednesday’s night trading with support at the 20-day moving average.
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