SHANGHAI, May 16 (SMM) – SHFE 1709 nickel opened at RMB 76，600/mt today, and reached RMB 76,740/mt. In the afternoon, SHFE 1709 nickel fell to RMB 75,840/mt and then rallied, and closed at RMB 76,600/mt, down RMB 590/mt or 0.76%. Trading volumes on SHFE 1709 nickel increased 76,100 to 467,000, and positions increased 14,956 to 562,000. SHFE nickel is expected to consolidate at lows this evening.
SHFE 1709 Nickel Closed Lower (2017-5-16)
SHFE 1709 nickel opened at RMB 76，600/mt today, and reached RMB 76,740/mt.
Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.
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