SHFE 1709 Nickel Closes Higher (2017-6-20)-Shanghai Metals Market

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SHFE 1709 Nickel Closes Higher (2017-6-20)

Price Review & Forecast 05:45:43PM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – SHFE 1709 nickel opened at RMB 74,460/mt today and dipped to RMB 74,360/mt. In the afternoon, SHFE 1709 nickel rose to RMB 75,080/mt range and closed at RMB 74,740/mt, up RMB 1,120/mt or 1.52%. Trading volumes on SHFE 1709 nickel increased 125,000 to 457,000, and positions decreased 394 to 512,000. Downstream buyers replenished stocks actively. #300 stainless steel prices jumped. SHFE nickel is expected to hover at highs this evening. 

SHFE 1709 Nickel Closes Higher (2017-6-20)

Price Review & Forecast 05:45:43PM Jun 20, 2017 Source:SMM

SHANGHAI, Jun. 20 (SMM) – SHFE 1709 nickel opened at RMB 74,460/mt today and dipped to RMB 74,360/mt. In the afternoon, SHFE 1709 nickel rose to RMB 75,080/mt range and closed at RMB 74,740/mt, up RMB 1,120/mt or 1.52%. Trading volumes on SHFE 1709 nickel increased 125,000 to 457,000, and positions decreased 394 to 512,000. Downstream buyers replenished stocks actively. #300 stainless steel prices jumped. SHFE nickel is expected to hover at highs this evening.