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Home / Metal News / SHFE Nickel Finishes Higher (2017-4-6)

SHFE Nickel Finishes Higher (2017-4-6)

Apr 6, 2017 17:40

Source:SMM

SHFE 1709 nickel opened at RMB 86,560/mt and ended at RMB 86,440/mt, up RMB 740/mt or 0.86%.

SHANGHAI, Apr. 6 (SMM) – On Thursday, SHFE 1709 nickel opened at RMB 86,560/mt and then dipped briefly with falling ferrous metals. During the afternoon trading, the contract climbed to RMB 86,660/mt thanks to entering of longs. SHFE 1709 nickel ended at RMB 86,440/mt, up RMB 740/mt or 0.86%. Trading volumes rose 120,000 to 284,000 lots and positions rose 31,000 to 406,000.

SHFE 1709 nickel will hover at highs on Thursday’s night trading with positive technical indicators and will fluctuate between RMB 86,000-87,000/mt.

SHFE nickel

LME nickel

nickel prices

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LME nickel price hit a record high since 2015 on declining inventory, US sanctions against Russia and downstream demand from the new-energy vehicle industry, SMM believes.

Apr 19, 2018 10:58

SMM Comments SMM Insight

LME nickel price soars on low inventory, market panic and downstream demand

SHFE Nickel Finishes with Small Losses (2017-4-17)

SHFE 1709 nickel, the most actively traded one, opened at RMB 81,090/mt and closed at RMB 80,690/mt, down RMB 740 or 0.91%.

Apr 17, 2017 17:41

SMM Comments

LME Nickel to End with Losses (2017-4-7)

LME nickel will fluctuate at around the 20-day moving average on Friday and SHFE 1709 nickel will move at RMB 84,500-85,500/mt.

Apr 7, 2017 09:42

SMM Comments

LME Nickel to End with Losses (2017-4-7)

LME Nickel to Stay Firm (2017-4-6)

LME nickel and SHFE 1709 nickel will stay firm on Thursday. SHFE 1709 nickel will move at RMB 85,800-86,800/mt.

Apr 6, 2017 09:50

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

SHFE 1705 nickel opened at RMB 83,200/mt and ended at RMB 82,990/mt, down RMB 580/mt or 0.69%.

Mar 23, 2017 17:12

SMM Comments

SHFE Nickel Finishes with Losses (2017-3-23)

LME Nickel to Move at Lows (2017-3-22)

LME nickel is expected to fluctuate at lows on Wednesday and SHFE 1705 nickel will move at RMB 83,200-84,600/mt.

Mar 22, 2017 10:03

SMM Comments

LME Nickel to Find Support (2017-3-10)

LME nickel will find support at downside of Bollinger brand and SHFE 1705 nickel will move between RMB 83,600-85,200/mt on Friday.

Mar 10, 2017 09:56

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE 1705 nickel opened at RMB 90,920/mt and ended at RMB 91,090/mt, up 0.19%

Mar 1, 2017 17:07

SMM Comments

SHFE Nickel Closes with Gains (2017-3-1)

SHFE Nickel to See Range-Bound Trading (2017-1-13)

SHFE 1705 nickel will move at RMB 84,000-87,000/mt on Friday.

Jan 13, 2017 09:58

SMM Comments

SHFE Nickel to See Range-Bound Trading (2017-1-13)

SHFE Nickel Prices Up 1.51% (2017-1-10)

SHFE 1705 nickel started at RMB 86,680/mt and finally ended at RMB 87,130/mt, up 1.51%.

Jan 10, 2017 17:05

SMM Comments

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SHFE Nickel Finishes Higher (2017-4-6)

SMM Events & Webinars

2024 SMM Middle East Secondary Metal Field Trip

NET ZERO MEA - Solar & Energy Storage

2025 SMM (20th) Lead & Zinc Conference and Industry Expo