SHFE 1801 Nickel Finishes Higher (2017-8-16)

SHANGHAI, Aug. 16 (SMM) – SHFE 1801 nickel opened at RMB 84,650/mt today and then dipped to RMB 84,570/mt. In the afternoon, SHFE 1801 nickel reached RMB 85,800/mt but rolled back some gains, and closed at RMB 85,380/mt, up RMB 160/mt or 0.19%. Trading volumes on SHFE 1801 nickel decreased 35,500 to 467,000, and positions increased 15,400 to 462,000. SHFE 1801 nickel will fluctuate at highs this evening. US housing starts in July will be released this evening.