SHANGHAI, Aug. 11 (SMM) – SHFE 1801 nickel opened at RMB 88,590/mt today. In the afternoon, ferrous metals slumped, dragging down SHFE 1801 nickel to RMB 86,170/mt. Prices closed at RMB 86,650/mt, down RMB 1,290/mt or 1.47%. Trading volumes on SHFE 1801 nickel increased 313,000 to 744,000, and positions decreased 5,116 to 439,000. SHFE 1801 nickel will unlikely fall sharply this evening.