SHFE Nickel Prices down 1.55% (2017-4-14)

Published: Apr 14, 2017 21:12

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SHFE 1709 nickel started at RMB 81,800/mt and closed at RMB 80,680/mt, down RMB 1,270/mt or 1.55%.

SHANGHAI, Apr. 14 (SMM) – On Friday, SHFE 1709 nickel started at RMB 81,800/mt and then declined, hurt by positions opening by shorts. The contract later stabilized at lows and fluctuated narrowly. During the afternoon trading, SHFE 1709 nickel dropped to RMB 80,510/mt and then closed at RMB 80,680/mt, down RMB 1,270/mt or 1.55%. Trading volumes were down 6,426 to 441,000 lots and positions were up 28,000 to 470,000.

SHFE 1709 nickel will test support at the 60-day moving average on Friday’s night trading.

SHFE nickel LME nickel nickel prices

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