SHFE 1709 Nickel Finishes Higher (2017-6-15)-Shanghai Metals Market

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SHFE 1709 Nickel Finishes Higher (2017-6-15)

Price Review & Forecast 07:01:14PM Jun 15, 2017 Source:SMM

SHANGHAI, Jun. 15 (SMM) – SHFE 1709 nickel opened at RMB 73,110/mt today and dipped to RMB 72,870/mt, but edged up to RMB 73,690/mt later the day. In the afternoon, SHFE 1709 nickel fluctuated in a narrower range and closed at RMB 73,300/mt, up RMB 710/mt or 0.98%. Trading volumes on SHFE 1709 nickel decreased 41,200 to 356,000, and positions decreased 14,166 to 529,000. Guangxi Jinyuan Nickel Industry plans to restart production. Stainless steel plants’ inventories are falling. The number of US initial jobless claims last week and industrial output in May will be released today. SHFE nickel is expected to remain range-bound this evening. 

SHFE 1709 Nickel Finishes Higher (2017-6-15)

Price Review & Forecast 07:01:14PM Jun 15, 2017 Source:SMM

SHANGHAI, Jun. 15 (SMM) – SHFE 1709 nickel opened at RMB 73,110/mt today and dipped to RMB 72,870/mt, but edged up to RMB 73,690/mt later the day. In the afternoon, SHFE 1709 nickel fluctuated in a narrower range and closed at RMB 73,300/mt, up RMB 710/mt or 0.98%. Trading volumes on SHFE 1709 nickel decreased 41,200 to 356,000, and positions decreased 14,166 to 529,000. Guangxi Jinyuan Nickel Industry plans to restart production. Stainless steel plants’ inventories are falling. The number of US initial jobless claims last week and industrial output in May will be released today. SHFE nickel is expected to remain range-bound this evening.