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

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.