SHFE 1801 Nickel Finishes Higher (2017-8-22)-Shanghai Metals Market

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

Price Review & Forecast 05:41:10PM Aug 22, 2017 Source:SMM

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. 

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

Price Review & Forecast 05:41:10PM Aug 22, 2017 Source:SMM

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.