[brief Review of Nickel in SMM period] Nickel is under pressure of US $17800 / ton narrow amplitude concussion

SMM, Oct. 08:

Lunni opened at $17770 a tonne yesterday. During the day, Lunni was under overall pressure of $17800 / tonne, supported by a $17700 / tonne pass below, fluctuating within a narrow range and continuing into Europe. At night, Lunni concussion weakened and fell below the daily average, falling $17670 / tonne to close at $17710 / tonne, down $10 / tonne from the settlement price on the previous trading day, with trading volume reduced by 1080 hands to 2986 hands and positions held by 268000 hands. Due to the impact of the sharp decline in LME inventory over the past few days, Lunni rose step by step during the holiday period. Lunni closed at the small negative line, probed the $17800 / ton pass and stood above the 5-day moving average.

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