SHANGHAI, Jun. 28 (SMM) – SHFE 1709 nickel opened at RMB 75,930/mt today. In the afternoon, SHFE 1709 nickel fell after touching RMB 75,990/mt, dipping to RMB 75,430/mt, and closing at RMB 75,890/mt, up RMB 950/mt or 1.27%. Trading volumes on SHFE 1709 nickel increased 35,500 to 350,000, and positions decreased 12,100 to 499,000. SHFE nickel is expected to fluctuate at highs this evening. US existing home sales and EIA crude oil inventories last week will be released this evening.