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SHFE Nickel Prices Up 0.22% (2017-4-11)
Apr 11, 2017 18:38Source:SMM
SHFE 1709 nickel started at RMB 84,800/mt and closed with price up RMB 190/mt or 0.22%.
SHANGHAI, Apr. 11 (SMM) – On Tuesday, SHFE 1709 nickel started at RMB 84,800/mt and advanced slightly thanks to the Philippines’ nickel downstream industry development plan. During the afternoon trading, the contract climbed to RMB 85,500/mt and closed with price up RMB 190/mt or 0.22%. Trading volumes were up 39,000 to 454,000 lots and positions were down 1,104 to 409,000.
SHFE 1709 nickel will test support at the 20-day moving average on Tuesday’s night trading.
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