SHFE 1801 Nickel Finishes Higher (2017-8-21)-Shanghai Metals Market

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SHFE 1801 Nickel Finishes Higher (2017-8-21)

Price Review & Forecast 06:20:24PM Aug 21, 2017 Source:SMM

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)

Price Review & Forecast 06:20:24PM Aug 21, 2017 Source:SMM

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.