SHFE 1709 Nickel Closes with Gains (2017-6-29)-Shanghai Metals Market

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SHFE 1709 Nickel Closes with Gains (2017-6-29)

Price Review & Forecast 05:13:55PM Jun 29, 2017 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE 1709 nickel opened at RMB 76,210/mt today, and held strong in the morning, with the low-end of RMB 76,160/mt. In the afternoon, SHFE 1709 nickel reached RMB 76,950/mt, and closed at RMB 76,790/mt, up RMB 990/mt or 1.31%. Trading volumes on SHFE 1709 nickel increased 42,700 to 393,000, and positions increased 11,800 to 510,000. The US dollar index weakened. SHFE nickel is expected to move at highs this evening. US Q1 GDP and the number of initial jobless claims last week will be released this evening. 

SHFE 1709 Nickel Closes with Gains (2017-6-29)

Price Review & Forecast 05:13:55PM Jun 29, 2017 Source:SMM

SHANGHAI, Jun. 29 (SMM) – SHFE 1709 nickel opened at RMB 76,210/mt today, and held strong in the morning, with the low-end of RMB 76,160/mt. In the afternoon, SHFE 1709 nickel reached RMB 76,950/mt, and closed at RMB 76,790/mt, up RMB 990/mt or 1.31%. Trading volumes on SHFE 1709 nickel increased 42,700 to 393,000, and positions increased 11,800 to 510,000. The US dollar index weakened. SHFE nickel is expected to move at highs this evening. US Q1 GDP and the number of initial jobless claims last week will be released this evening.