[brief comment on SMM] Shanghai Nickel Road goes up through 95000 yuan / ton gate and pays close attention to the support situation of this position.

SMM, 8 April:

The Shanghai Nickel 2006 contract opened at 92960 yuan / ton today. Shanghai nickel basically rose unilaterally today. The price of a large number of long positions rose to 95000 yuan / ton. At the end of the day, short confidence was insufficient to reduce their positions. Shanghai nickel broke through the gate to explore 95410 yuan / ton, and finally closed at 95310 yuan / ton. compared with the settlement price of the previous trading day, the settlement price rose 1800 yuan / ton, an increase of 1.92%, and the trading volume increased by 101000 to 488000 hands. Position increased by 26000 hands to 108000 hands, Shanghai nickel today closed in the sun column, K column through the early shock pressure level 20 averages 95000 yuan / ton position, follow-up attention to Shanghai nickel can stand stable 20 days moving average.

[for more information, please subscribe to SMM Nickel Research Group products "China Nickel Chromium stainless Steel Industry chain General report" and "China Nickel Chrome stainless Steel Industry chain High end report" to obtain the latest nickel mine, nickel pig iron (China + Indonesia), electrolytic nickel, nickel sulfate, chromium ore, ferrochromium, stainless steel (China + Indonesia) related data analysis and market analysis! For ordering and trial reading, please call 021-5166 6775 QQ: 1553 928752, contact: Zhang Lingying]