SHANGHAI, Aug. 21 (SMM) – SHFE 1801 nickel opened at RMB 89,700/mt today and then fell to RMB 89,380/mt. With rising ferrous metals, SHFE 1801 nickel surged to RMB 91,560/mt, pushed up by rebar and iron ore, and closed at RMB 91,030/mt, up RMB 3,390/mt or 3.87%. Trading volumes on SHFE 1801 nickel increased 515,000 to 1.075 million, and positions increased 14,600 to 512,000. SHFE 1801 nickel will fluctuate at highs this evening.
SHFE 1801 Nickel Finishes Higher (2017-8-21)
SHFE 1801 nickel opened at RMB 89,700/mt today and then fell to RMB 89,380/mt.
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.
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