SHFE 1709 Nickel Closes Lower (2017-5-23)

Published: May 23, 2017 17:50

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SHFE 1709 nickel opened at RMB 78,080/mt today, and met resistance from RMB 78,420/mt.

SHANGHAI, May 23 (SMM) – SHFE 1709 nickel opened at RMB 78,080/mt today, and met resistance from RMB 78,420/mt. In the afternoon, ferrous metals plunged. SHFE 1709 nickel erased all gains in the morning, and closed at RMB 77,630/mt, down RMB 220/mt or 0.28%. Trading volumes on SHFE 1709 nickel decreased 232,000 to 361,000, and positions decreased 1,790 to 550,000. SHFE nickel is expected to fluctuate at current level this evening.

nickel prices LME nickel prices SHFE nickel prices

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