SHFE 1709 Nickel Closes with Declines (2017-5-25)

Published: May 25, 2017 17:13

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SHFE 1709 nickel opened at RMB 75,880/mt today, and then hovered around the moving average.

SHANGHAI, May 25 (SMM) – SHFE 1709 nickel opened at RMB 75,880/mt today, and then hovered around the moving average. In the afternoon, SHFE 1709 nickel surged to RMB 76,460/mt and then fell with iron ore futures, and closed at RMB 75,920/mt, down RMB 1,130/mt or 1.47%. Trading volumes on SHFE 1709 nickel decreased 47,700 to 362,000, and positions decreased 1,692 to 556,000. SHFE nickel is expected to fluctuate at lows this evening.

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