[brief comment on nickel in SMM] Shanghai nickel concussion rose sharply in the afternoon

SMM, June 11 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 95860 yuan per ton today. In the afternoon, Shanghai nickel below the 96000 yuan / ton gate support, the upper pressure of 96700 yuan / ton line, interval concussion upward. In the afternoon, Shanghai nickel rose sharply, touching 97870 yuan / ton after the center of gravity fluctuated around the 10-day moving average of 97500 yuan / ton, closing at 97250 yuan / ton. Throughout the day, Shanghai nickel closed at the Xiaoyang line, breaking the pressure level of the 5-day moving average, and the shadow line reached the 20-day moving average. The settlement price rose 970 yuan per ton, or 1.01 percent, compared with the previous trading day. Trading volume increased by 402000 hands to 706000 hands, and position volume decreased by 800 hands to 174000 hands. Shanghai nickel index capital inflow of 226 million yuan. In the evening, we will pay attention to whether Shanghai Ni can stand on the 5-day moving average. Night should pay attention to the May PPI annual rate (%) and May core PPI annual rate (%); the United States API crude oil and gasoline inventory changes in the week ended June 7.