[brief comment on nickel in SMM] Shanghai nickel continued to fall, hitting a 4-month low

SMM, June 6 / PRNewswire-Asianet /-

Shanghai nickel 1907 is open at 96470 yuan per ton. In the afternoon, Shanghai nickel pressure of 95300 yuan / ton line, shock fell, down 94280 yuan / ton, falling below the low level before the platform hit the lowest level since February this year. Subsequently, Shanghai nickel rebound repair, won the daily average of 95600 yuan / ton first-line support narrow range shock, closed at 95700 yuan / ton. Throughout the day, Shanghai nickel closed in the lower shadow line Xiaoyin line, and the lower shadow line has pierced the boll line under the rail. The settlement price fell 630yuan / ton, or 0.65 per cent, from the previous day. Trading volume increased by 172000 hands to 827000 hands, and position volume decreased by 200 hands to 184000 hands. The opening of the daily line technology KDJ converges. There is no late trading this evening due to the Dragon Boat Festival holiday. At night, we should pay attention to the year-on-year final value and quarter-to-quarter final value of GDP in the euro area, the deposit convenience interest rate, the marginal loan rate and the main refinancing rate of the European Central Bank, ECB President Draghi spoke after the policy meeting. The United States trade account (US $100 million) in April and the number of first-time jobless claims in the United States in the week of June 1 (10,000).