SHANGHAI, Jun. 7 (SMM) – SHFE 1709 nickel opened at RMB 73,330/mt today, and then rebounded to RMB 73,730/mt and closed at RMB 73,480/mt, up RMB 370/mt or 0.51%. Trading volumes on SHFE 1709 nickel increased 119,000 to 375,000, and positions decreased 7,288 to 527,000. Among SHFE base metals, only nickel strengthened today, which is expected to have been a result of restart at Jiangsu Delong Nickel’s stainless steel facility. SHFE nickel is expected to strengthen this evening.
SHFE 1709 Nickel Finishes Higher (2017-6-7)
