SHFE 1801 Nickel Finishes Higher (2017-8-25)-Shanghai Metals Market

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SHFE 1801 Nickel Finishes Higher (2017-8-25)

Price Review & Forecast 07:39:15PM Aug 25, 2017 Source:SMM

SHANGHAI, Aug. 25 (SMM) – SHFE 1801 nickel opened at RMB 94,340/mt today and then fell to RMB 93,530/mt. In the afternoon, SHFE 1801 nickel rose to RMB 94,520/mt, and closed at RMB 94,280/mt, up RMB 410/mt or 0.44%. Trading volumes on SHFE 1801 nickel decreased 302,000 to 634,000 lots, and positions decreased 8,644 to 514,000. SHFE 1801 nickel will stay range-bound this evening. US durable goods orders in July will be released this evening. 

SHFE 1801 Nickel Finishes Higher (2017-8-25)

Price Review & Forecast 07:39:15PM Aug 25, 2017 Source:SMM

SHANGHAI, Aug. 25 (SMM) – SHFE 1801 nickel opened at RMB 94,340/mt today and then fell to RMB 93,530/mt. In the afternoon, SHFE 1801 nickel rose to RMB 94,520/mt, and closed at RMB 94,280/mt, up RMB 410/mt or 0.44%. Trading volumes on SHFE 1801 nickel decreased 302,000 to 634,000 lots, and positions decreased 8,644 to 514,000. SHFE 1801 nickel will stay range-bound this evening. US durable goods orders in July will be released this evening.