SHFE 1709 Nickel Closed Lower (2017-5-4)

Published: May 4, 2017 17:43

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SHFE 1709 nickel opened at RMB 77,850/mt today.

SHANGHAI, May 4 (SMM) – SHFE 1709 nickel opened at RMB 77,850/mt today. In the afternoon, ferrous metals extended losses, with iron ore and hot-rolled coil falling by daily limit. SHFE 1709 nickel fell to RMB 75,500/mt, and closed at RMB 76,270/mt, down RMB 3,490/mt or 4.38%.

Trading volumes on SHFE 1709 nickel increased 311,000 to 595,000, and positions increased 570 to 590,000. SHFE nickel is expected to hover at lows this evening.

nickel prices LME nickel prices SHFE nickel prices

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