SHFE 1709 Nickel Finishes with Losses (2017-6-8)-Shanghai Metals Market

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SHFE 1709 Nickel Finishes with Losses (2017-6-8)

Price Review & Forecast 05:01:10PM Jun 08, 2017 Source:SMM

SHANGHAI, Jun. 8 (SMM) – SHFE 1709 nickel opened at RMB 72,680/mt today, and then edged down to RMB 72,090/mt, reaching RMB 73,290/mt in the midday. In the afternoon, SHFE 1709 nickel followed a “V” curve, and closed at RMB 73,200/mt, down RMB 290/mt or 0.39%. Trading volumes on SHFE 1709 nickel increased 62,000 to 437,000, and positions added 3,408 to 531,000. SHFE nickel is expected to experience corrections this evening. 

SHFE 1709 Nickel Finishes with Losses (2017-6-8)

Price Review & Forecast 05:01:10PM Jun 08, 2017 Source:SMM

SHANGHAI, Jun. 8 (SMM) – SHFE 1709 nickel opened at RMB 72,680/mt today, and then edged down to RMB 72,090/mt, reaching RMB 73,290/mt in the midday. In the afternoon, SHFE 1709 nickel followed a “V” curve, and closed at RMB 73,200/mt, down RMB 290/mt or 0.39%. Trading volumes on SHFE 1709 nickel increased 62,000 to 437,000, and positions added 3,408 to 531,000. SHFE nickel is expected to experience corrections this evening.