SHANGHAI, Jun. 22 (SMM) – SHFE 1709 nickel opened at RMB 74,490/mt today and reached RMB 74,580/mt. In the afternoon, SHFE 1709 nickel edged down to RMB 73,630/mt and closed at RMB 73,840/mt, up RMB 100/mt or 0.14%. Trading volumes on SHFE 1709 nickel decreased 51,800 to 317,000, and positions decreased 3,960 to 513,000. The number of US initial jobless claims last week will be released tonight. SHFE nickel is expected to remain range-bound this evening.