Home / Metal News / SHFE 1709 Nickel Closes Higher (2017-7-19)

SHFE 1709 Nickel Closes Higher (2017-7-19)

iconJul 19, 2017 17:35
Source:SMM
SHFE 1709 nickel opened at RMB 79,800/mt today, and slumped with longs closing positions, dipping to RMB 79,310/mt.

SHANGHAI, Jul. 19 (SMM) – SHFE 1709 nickel opened at RMB 79,800/mt today, and slumped with longs closing positions, dipping to RMB 79,310/mt. In the afternoon, SHFE 1709 nickel edged up with rebar and iron ore prices, reaching RMB 79,980/mt, and closing at RMB 79,780/mt, up RMB 430/mt or 0.54%. Trading volumes on SHFE 1709 nickel decreased 29,500 to 413,000, and positions decreased 9,084 to 483,000. SHFE nickel is expected to remain range-bound this evening. US housing starts in June and EIA’s crude oil inventories last week are slated for release this evening. 

nickel prices
LME nickel prices
SHFE nickel prices

For queries, please contact Michael Jiang at michaeljiang@smm.cn

For more information on how to access our research reports, please email service.en@smm.cn

Related news