SHANGHAI, Jun. 12 (SMM) – SHFE 1709 nickel opened at RMB 73,850/mt today and fluctuated in a narrow range, with the low-end of RMB 73,600/mt. In the afternoon, SHFE 1709 nickel reached RMB 74,380/mt and then rolled back early gains, and closed at RMB 73,880/mt, up RMB 940/mt or 1.29%. Trading volumes on SHFE 1709 nickel increased 105,000 to 381,000, and positions decreased 12,250 to 530,000. SHFE nickel is expected to remain range-bound this evening.