[brief Review of Nickel in SMM period] Shanghai Nickel pressure 5-day moving average at 137000 yuan / ton narrow amplitude fluctuation

SMM, Oct. 09:

Shanghai Nickel 1912 contract opened today at 136710 yuan / ton, before noon, Shanghai nickel pressure 3-day moving average 137000 yuan / ton level, the center of gravity around the daily average 136800 yuan / ton first-line range. In the afternoon, Shanghai nickel weakened slightly, fluctuating within a narrow range below the daily moving average, and finally closed at 136740 yuan / tonne. The settlement price was the same on the previous trading day, with a 5000 increase in position to 297000 hands and a decrease in trading volume from 14000 to 312000 hands. The Shanghai Nickel 1912 contract had a capital flow of 745 million yuan today, and the Shanghai Nickel Index today had a total capital outflow of 2.259 billion yuan. Shanghai Nickel 1912 closed at the Xiao Yin line today, with a 5-day moving average of 137000 yuan / ton above, paying attention to whether Shanghai Nickel can remain stable at 137000 yuan / ton in the evening.

This evening focused on the U. S. EIA crude oil stocks (10,000 barrels) for the week ended October 4. The event focused on Federal Reserve Chairman Powell (Jerome Powell) co-chaired a "Fed listening" round table with local business and community leaders in Kansas to discuss job market conditions, local banking, community development challenges, and other topics.

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