SHFE 1801 Nickel Finishes Higher (2017-8-22)

SHANGHAI, Aug. 22 (SMM) – SHFE 1801 nickel opened at RMB 92,150/mt today and then fell to RMB 91,040/mt. With rising ferrous metals, SHFE 1801 nickel surged to RMB 92,500/mt in the afternoon, pushed up by rebar and iron ore, and closed at RMB 92,480/mt, up RMB 2,600/mt or 2.89%. Trading volumes on SHFE 1801 nickel decreased 428,000 to 646,000 lots, and positions increased 12,200 to 525,000. SHFE 1801 nickel will fluctuate at highs this evening.