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SHFE 1709 Nickel Closes Higher (2017-5-22)
May 22,2017 17:48CST
price review forecast
Source:SMM
SHFE 1709 nickel opened at RMB 78,210/mt today, and fluctuated between RMB 77,600-78,450/mt.

SHANGHAI, May 22 (SMM) – SHFE 1709 nickel opened at RMB 78,210/mt today, and fluctuated between RMB 77,600-78,450/mt. In the afternoon, SHFE 1709 nickel hovered narrowly above moving averages and closed at RMB 77,850/mt, up RMB 1,810/mt or 2.38%. Trading volumes on SHFE 1709 nickel increased 190,000 to 593,000, and positions decreased 9,108 to 552,000. SHFE nickel is expected to fluctuate at highs this evening. 

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