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[brief comment on nickel in SMM] Shanghai nickel concussion downward, holding the main contract to change the month
Jun 4,2019 17:57CST
translation
Source:SMM
Shanghai nickel shock fell to May 24 rose 96600 yuan / ton line, the main position of the contract replaced by Shanghai nickel 1908 contract.
The content below was translated by Tencent automatically for reference.

SMM, June 4 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 96760 yuan / ton today. At the beginning of the day, the shock fell after touching 97070 yuan / ton, finding support at 96400 yuan / ton. Subsequently, Shanghai nickel overall pressure at 96700 yuan / ton line, during the period many times up, but failed to break through, in the 96400 to 96700 yuan / ton range shock, closed at 96710 yuan / ton. Throughout the day, the Shanghai nickel main contract ended in the Xiaoyin line and completely below the middle rail of the Boll line, and the daily line technology KDJ opened downward. The settlement price fell 1170 yuan, or 1.20 percent, from the previous day, with trading volume down 183000 tons to 617000 tons and positions down 7700 tons to 178000 tons. Today, the position of Shanghai Ni 1908 contract has increased to 186000, and the main position contract has been replaced by Shanghai Ni 1908 contract. In the evening, we will pay attention to whether Shanghai nickel can hold the 96000 yuan / ton line. At night, Federal Reserve Chairman Powell should pay attention to the opening speech at the "Fed Listens: Monetary Policy Strategy, tools and Communication practice Conference" organized by the Federal Reserve. In April, the United States deducted the month-on-month final value of aircraft non-defense capital durable goods orders and the month-on-month final value of durable goods orders.

 

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