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[brief comment on nickel in SMM] Shanghai nickel concussion fell, with the Prev index falling first in the non-ferrous sector.
Jun 3,2019 17:07CST
translation
Source:SMM
Or affected by the escalation of the US trade war, the overall decline in the internal market, Shanghai nickel during the day below the daily average weak operation.
The content below was translated by Tencent automatically for reference.

SMM, June 3 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 97770 yuan / ton today, or due to the escalation of the u. S. trade war, the overall decline in non-ferrous trading, shanghai nickel during the day below the daily average weak operation. At the beginning of the day, Shanghai nickel shock fell to 97000 yuan / ton line. In the afternoon, the Shanghai nickel center of gravity fluctuated in a narrow range above the 97000 yuan / ton line, closing at 97020 yuan / ton. Throughout the day, Shanghai nickel main contract closed at the upper shadow line Xiaoyin line, compared with the previous trading day settlement price fell 1520 yuan, down 1.54%, trading volume increased 115000 hands to 800000 hands, position volume decreased 10000 hands to 185000 hands. Shanghai Ni 1908 contract has increased its position for many days in a row, and today it has increased its position by 10670 hands. Its position is gradually the same as that of Shanghai Ni 1907 contract, and the main contract is about to change months. The Shanghai nickel index fell 1.53%, ranking first among nonferrous metals. The daily line technology KDJ opening down, MACD red column becomes shorter. In the evening, we will pay attention to whether Shanghai nickel can hold the 97000 yuan / ton gate.

  

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