SHFE Nickel Prices Up 0.98% (2017-2-20)

SHANGHAI, Feb. 20 (SMM) – On Monday, SHFE 1705 nickel started at RMB 91,330/mt and then dived to RMB 90,630/mt. Later, the contract rallied to RMB 91,860/mt. During the afternoon trading, SHFE 1705 nickel fluctuated above the moving average and ended at RMB 91,690/mt, up 0.98%. Positions and trading volumes both dropped.

SHFE 1705 nickel is expected to stay firm on Monday’s night trading.