Review of SMM basic Metals spot Trading Day on April 20

SMM4, 20 Feb / PRNewswire-FirstCall-Asianet /:

Tin: Lunxi opened 21505 yuan per ton today, maintaining high volatility in Asia, with a high of US $21595 per ton and a low of US $21450 per ton. The situation of trade war between China and the United States is still at loggerheads, and the progress of the incident is still an important factor affecting the market. In addition, it is worth noting that Chicago Fed Chairman Evans will speak tonight on the current situation and monetary policy. Lunxi material will maintain a high shock, resistance of $21800 / ton.

Last night Shanghai tin main 1809 contracts mainly in the vicinity of 147800 yuan / ton narrow consolidation; Today, the opening of 147990 yuan / ton, the center of gravity rose slightly from last night, after the beginning of the session mainly in the vicinity of 148400 yuan / ton concussion, the final close of 148480 yuan / ton, up 70 yuan / ton from the previous day, up 0.05 per cent. The transaction was 8644 hands minus 2006 hands, and the position was increased by 18364 hands by 960 hands. Today, the metal trend of the Shanghai stock market is generally under pressure, Shanghai tin is the only red variety, domestic fundamentals constitute a certain support for the tin city, the upper resistance of 150000 yuan / ton, support 146000 yuan / ton.

Today, the mainstream Shanghai tin market traded 145,500 ≤ 147,000 yuan / ton, the transaction atmosphere is flat, spot prices are high, but the rise in futures prices encountered resistance, downstream wait-and-see mood is more serious. Yunxi mainstream 146,800 ≤ 147,000 yuan / ton, set of goods to 1805 contract water 1000 ≤ 1200 yuan / ton; ordinary cloud word 146000 yuan / ton, small card 145,500 ≤ 146,000 yuan / ton.

Nickel: Lenny opened at $14955 a tonne, and after two days of soaring prices, the trend of Geneva Nickel returned to rationality. At the beginning of the plate, nickel touched as high as $15235 a ton, finishing at a high level. Towards midday close, Lunni plummeted to $14600 a tonne, with its center of gravity far from the daily average. At midday, Lun Ni was narrowed down at $14600 a ton. In the afternoon, Lenni rallied higher, hitting $14925 a tonne and then falling again, hitting a low of $14530 a tonne. by 18: 30, Lenny closed at $14785 a tonne, closing at the midrange. The daily technical index KDJ opens downward, the MACD red column becomes shorter, and the correction trend may continue at night. The evening macro figures were light.

Today, Shanghai nickel 1807 opened at 105610 yuan / tonne, because Lun nickel trend returned to rationality, early trading caution, Shanghai nickel pressure in the daily moving average narrow fluctuations. Towards midday close, empty single tentative entry, long lack of confidence and reduced positions fled, Shanghai nickel rapid leakage, the center of gravity sank to 104300 yuan / ton. In the afternoon, Shanghai nickel continued to probe 103810 yuan / ton after bottoming rebound, the center of gravity in the vicinity of 104300 yuan / ton consolidation, closed at 104260 yuan / ton. All day, Shanghai nickel main contract 1807 closed in the negative line, compared with the previous day's settlement price fell 3420 yuan / ton, down 3.18%. Volume decreased by 1.236 million hands to 1.038 million hands, and position by 43000 hands to 352000 hands. The daily line technical index KDJ opening diverges downward, the MACD red column becomes shorter, the intraday capital outflow 477 million, the evening Shanghai nickel or continues the correction trend. The evening macro figures were light.

SMM 1 # electrolytic nickel 105000 ≤ 105350 yuan / ton. Russian nickel is 300 yuan / ton higher than Wuxi 1805 contract, Jinchuan nickel rising water 500 yuan / ton, Jinchuan company electrolytic nickel (plate) Shanghai offer 105800 yuan / ton today. In the morning, the enthusiasm of market traders was acceptable, the overnight nickel price fell back, downstream alloy and other enterprises entered the market for proper procurement, and some traders also replenished their stores. in the morning, the mainstream trading range was 104,800 yuan per ton. In the afternoon, the center of gravity of nickel prices moved down, but still at a high level, the market trading atmosphere is general. In the afternoon, the mainstream traded at 103,800 ≤ 104,300 yuan / ton.