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[brief comment on nickel in SMM] Shanghai nickel rose sharply in late trading, breaking through the 100000 yuan / ton barrier.
Jun 13,2019 17:46CST
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Source:SMM
The content below was translated by Tencent automatically for reference.

SMM, June 13 / PRNewswire-Asianet /-

Shanghai nickel 1907 opened at 97900 yuan / ton today. Before noon, Shanghai nickel operated in a narrow range above the 98000 yuan / ton line. In the afternoon, Shanghai nickel shock upward, about half an hour before the close, bulls increased positions, Shanghai nickel rose sharply, breaking through the 100000 yuan / ton mark, touching 100120 yuan / ton, followed by a small shock, closing at 99950 yuan / ton. Throughout the day, the shanghai nickel 1907 contract closed at the Zhongyang line, standing completely above the middle track of the Boll line. The settlement price rose 2080 yuan / ton, or 2.13%, over the previous trading day, and the position increased by 8500 hands to 166000 hands, the trading volume increased by 32200 hands to 680000 hands, and the daily line technology MACD green column turned into red column. Shanghai nickel index inflows of 377 million yuan, Shanghai nickel index rose 1.87%, ranking first in non-ferrous metals. In the evening, we will pay attention to whether Shanghai nickel can hold the 100000 yuan / ton gate. At night, attention should be paid to the number of initial jobless claims in the United States after the adjustment for the quarter ended June 8 and the monthly and annual rates of the US Import and Export Price Index in May.

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