SHANGHAI, Jun. 13 (SMM) – SHFE 1709 nickel opened at RMB 72,420/mt today and reached RMB 72,800/mt. In the afternoon, SHFE 1709 nickel dipped to RMB 72,290/mt and closed at RMB 72,540/mt, down RMB 1,340/mt or 1.81%. Trading volumes on SHFE 1709 nickel decreased 20,800 to 361,000, and positions increased 24,644 to 555,000. SHFE nickel is expected to remain range-bound this evening.