After four consecutive falls, what is the trend of nickel price after the first "turning red" storm in Shanghai? [SMM Quick Review]

Publicado: Mar 23, 2022 17:04
Fuente: SMM
SMM Quick Review: what is the trend of nickel price after the storm of "turning red" in Shanghai after four consecutive falls? After falling four times in a row, Shanghai Nickel turned red for the first time today. As of the day's close, Shanghai Nickel rose 2.7%, recording the largest increase in the ranks of basic metals in the inner market. Lenny opened this afternoon and was up 1.65 per cent as of around 16:15. According to SMM analysis, at present, at the end of the month, traders generally downgrade the rising water and quickly ship goods to avoid the risk of pure nickel hedge changing positions, but the market is generally bearish on the market, leading to weak spot trading of pure nickel, due to the long run.

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