SHFE 1709 Nickel Finishes Higher (2017-7-4)

Published: Jul 4, 2017 17:59
SHFE 1709 nickel opened at RMB 76,710/mt today, and touched RMB 76,730/mt.

SHANGHAI, Jul. 4 (SMM) – SHFE 1709 nickel opened at RMB 76,710/mt today, and touched RMB 76,730/mt. SHFE 1709 nickel then fell further to RMB 74,910/mt, and closed at RMB 75,200/mt, down RMB 1,810/mt or 2.35%. Trading volumes on SHFE 1709 nickel increased 85,000 to 418,000, and positions decreased 16,522 to 482,000. SHFE nickel is expected to remain range-bound this evening. 

Data Source Statement: Except for publicly available information, all other data are processed by SMM based on publicly available information, market communication, and relying on SMM‘s internal database model. They are for reference only and do not constitute decision-making recommendations.

For any inquiries or to learn more information, please contact: lemonzhao@smm.cn
For more information on how to access our research reports, please contact:service.en@smm.cn