SHANGHAI, Jun. 27 (SMM) – SHFE 1709 nickel opened at RMB 74,680/mt today and slipped to RMB 74,600/mt, but then rallied. In the afternoon, SHFE 1709 nickel rose to RMB 75,350/mt, and closed at RMB 75,270/mt, flat at June 26. Trading volumes on SHFE 1709 nickel increased 37,400 to 315,000, and positions decreased 6,418 to 511,000. SHFE nickel is expected to remain range-bound this evening.